Sharp Corp. (OTCMKTS:SHCAY) Sees Significant Drop in Short Interest

Sharp Corp. (OTCMKTS:SHCAY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 7,583 shares, a decline of 55.4% from the May 31st total of 17,011 shares. Based on an average daily volume of 8,181 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the stock are sold short.

Sharp Price Performance

Sharp stock opened at $0.89 on Monday. Sharp has a 52-week low of $0.80 and a 52-week high of $1.52. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 6.86 and a beta of 0.63. The company has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $1.00.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.