Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 355.4% in June

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 80,600 shares, an increase of 355.4% from the May 31st total of 17,700 shares. Based on an average trading volume of 533,900 shares, the short-interest ratio is currently 0.2 days.

Shin-Etsu Chemical Stock Performance

Shares of OTCMKTS:SHECY traded up $0.29 on Friday, hitting $19.41. 106,173 shares of the company were exchanged, compared to its average volume of 264,759. The company’s 50 day moving average price is $19.18 and its two-hundred day moving average price is $20.01. Shin-Etsu Chemical has a one year low of $13.65 and a one year high of $23.04. The firm has a market capitalization of $77.71 billion, a price-to-earnings ratio of 21.48 and a beta of 1.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share for the quarter. The business had revenue of $3.99 billion for the quarter. Shin-Etsu Chemical had a net margin of 21.63% and a return on equity of 11.96%. Research analysts predict that Shin-Etsu Chemical will post 0.98 earnings per share 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.