Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 81.5%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 89,843 shares, a drop of 81.5% from the February 26th total of 484,695 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,185,186 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,185,186 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Shin-Etsu Chemical Stock Performance

Shares of SHECY traded down $0.48 on Tuesday, reaching $19.23. 359,274 shares of the stock traded hands, compared to its average volume of 562,771. The stock’s 50-day moving average price is $18.33 and its 200-day moving average price is $16.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The firm has a market cap of $76.34 billion, a price-to-earnings ratio of 22.36 and a beta of 1.33. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $20.95.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The firm had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. Equities analysts forecast that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

About Shin-Etsu Chemical

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.