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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 112,800 shares, a growth of 1,811.9% from the February 28th total of 5,900 shares. Based on an average daily trading volume, of 898,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Shin-Etsu Chemical Trading Up 1.3 %

Shares of OTCMKTS:SHECY opened at $14.82 on Friday. Shin-Etsu Chemical has a 12-month low of $14.40 and a 12-month high of $23.23. The business has a 50 day moving average of $15.40 and a two-hundred day moving average of $17.47. The company has a market capitalization of $58.84 billion, a PE ratio of 16.47 and a beta of 1.27.

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

About Shin-Etsu Chemical

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.