Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Decreases By 27.6%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 81,700 shares, a drop of 27.6% from the March 15th total of 112,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 997,200 shares, the days-to-cover ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Down 0.4 %

Shin-Etsu Chemical stock opened at $13.43 on Friday. The firm has a fifty day simple moving average of $14.54 and a two-hundred day simple moving average of $16.64. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $23.23. The company has a market capitalization of $53.32 billion, a PE ratio of 14.92 and a beta of 1.32.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its 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%. As a group, equities analysts expect 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.