Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Down 63.1% in September

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 2,400 shares, a decline of 63.1% from the September 15th total of 6,500 shares. Based on an average daily volume of 225,400 shares, the short-interest ratio is presently 0.0 days.

Shin-Etsu Chemical Stock Down 0.7 %

Shares of OTCMKTS SHECY traded down $0.14 during midday trading on Friday, hitting $20.59. The stock had a trading volume of 149,077 shares, compared to its average volume of 247,332. Shin-Etsu Chemical has a 1-year low of $13.65 and a 1-year high of $23.23. The company has a fifty day moving average price of $20.72 and a 200 day moving average price of $20.22. The company has a market capitalization of $82.43 billion, a price-to-earnings ratio of 22.88 and a beta of 1.21.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, July 26th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 21.14% and a return on equity of 11.41%. The firm had revenue of $3.84 billion during the quarter. On average, research analysts forecast that Shin-Etsu Chemical will post 0.9 EPS for the current 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.