Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 17,011 shares, a drop of 33.2% from the May 14th total of 25,468 shares. Based on an average daily trading volume, of 7,945 shares, the short-interest ratio is currently 2.1 days. Approximately 0.0% of the company’s shares are short sold.
Sharp Trading Up 2.9%
Shares of OTCMKTS:SHCAY opened at $0.90 on Thursday. The stock’s 50-day moving average price is $0.90 and its two-hundred day moving average price is $1.01. Sharp has a 12-month low of $0.80 and a 12-month high of $1.52. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 6.92 and a beta of 0.63.
About Sharp
Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.
The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.
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