Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Expands By 127.3%

Sharp Corp. (OTCMKTS:SHCAY) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,355 shares, a growth of 127.3% from the July 30th total of 9,394 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,274 shares, the short-interest ratio is currently 2.3 days.

Sharp Trading Up 0.3%

Shares of SHCAY stock opened at $0.93 on Friday. The firm has a fifty day simple moving average of $0.93 and a 200-day simple moving average of $0.92. The company has a market capitalization of $2.42 billion, a PE ratio of 13.29 and a beta of 0.63. Sharp has a twelve month low of $0.80 and a twelve month high of $1.52.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.62%. Equities research analysts predict that Sharp will post 0.07 EPS 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.