Sharp Corp. (OTCMKTS:SHCAY) Short Interest Up 68.8% in March

Sharp Corp. (OTCMKTS:SHCAY) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 15,099 shares, an increase of 68.8% from the February 26th total of 8,943 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 12,505 shares, the short-interest ratio is currently 1.2 days.

Sharp Price Performance

Sharp stock opened at $0.88 on Friday. Sharp has a 1 year low of $0.83 and a 1 year high of $1.59. The firm has a 50 day moving average price of $1.01 and a 200 day moving average price of $1.19. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 3.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.93.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.14 billion. Sharp had a net margin of 5.57% and a return on equity of 23.43%. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Sell-side analysts predict that Sharp will post 0.01 earnings per share for the current year.

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.