Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 180.6% in February

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 211,000 shares, an increase of 180.6% from the January 31st total of 75,200 shares. Based on an average daily trading volume, of 1,684,300 shares, the days-to-cover ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Performance

Shin-Etsu Chemical stock traded down $0.37 during midday trading on Friday, reaching $15.07. The stock had a trading volume of 514,395 shares, compared to its average volume of 723,351. The firm’s fifty day simple moving average is $15.97 and its 200-day simple moving average is $18.30. Shin-Etsu Chemical has a 1-year low of $14.55 and a 1-year high of $23.23. The stock has a market capitalization of $59.83 billion, a P/E ratio of 16.74 and a beta of 1.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Wednesday, January 29th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 11.27% and a net margin of 21.64%. On average, sell-side analysts anticipate that Shin-Etsu Chemical will post 0.86 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.