Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Update

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 82,319 shares, a growth of 82.6% from the June 15th total of 45,082 shares. Based on an average trading volume of 411,507 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Shin-Etsu Chemical currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Price Performance

Shin-Etsu Chemical stock opened at $22.02 on Friday. The firm has a market capitalization of $87.42 billion, a P/E ratio of 26.21 and a beta of 1.32. Shin-Etsu Chemical has a 1 year low of $13.64 and a 1 year high of $24.74. The business has a 50-day moving average of $22.62 and a 200-day moving average of $20.27. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. The company had revenue of $4.08 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%. On average, equities analysts anticipate that Shin-Etsu Chemical will post 0.93 EPS for the current year.

Shin-Etsu Chemical Company Profile

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.