Sharp Corp. (OTCMKTS:SHCAY) Short Interest Down 28.9% in January

Sharp Corp. (OTCMKTS:SHCAY) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,853 shares, a decrease of 28.9% from the December 31st total of 9,643 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,987 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 2,987 shares, the short-interest ratio is presently 2.3 days. Approximately 0.0% of the shares of the company are short sold.

Sharp Stock Performance

OTCMKTS:SHCAY opened at $1.09 on Friday. The firm’s 50-day moving average is $1.18 and its 200-day moving average is $1.28. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 7.25 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88. Sharp has a 52-week low of $1.01 and a 52-week high of $1.70.

Sharp (OTCMKTS:SHCAY) last released its earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a return on equity of 19.42% and a net margin of 2.95%.The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.29 billion. Equities research analysts anticipate that Sharp will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Sharp

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.