Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Down 50.5% in January

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 279,602 shares, a drop of 50.5% from the December 31st total of 565,338 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 733,190 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 733,190 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Shin-Etsu Chemical Stock Down 8.0%

Shin-Etsu Chemical stock opened at $15.81 on Thursday. The stock has a market capitalization of $62.77 billion, a PE ratio of 18.17 and a beta of 1.35. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $18.69. The business has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $15.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.41.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $4.22 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.62% and a net margin of 18.96%. On average, analysts anticipate that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Shin-Etsu Chemical

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.