Sharp Corp. (OTCMKTS:SHCAY) Shares Shorted: Short Interest Up 86.2% in September

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,891 shares, an increase of 86.2% from the September 15th total of 2,090 shares. Based on an average daily volume of 3,298 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Sharp Price Performance

Sharp stock opened at $0.90 on Friday. Sharp has a 52 week low of $0.80 and a 52 week high of $1.52. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 12.85 and a beta of 0.65. The company’s 50-day moving average price is $0.96 and its two-hundred day moving average price is $0.93. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, analysts expect that Sharp will post 0.07 EPS for the current fiscal year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and markets consumer electronics, business equipment and electronic components. Its product portfolio has included televisions and displays, audio and video equipment, refrigerators, microwave ovens, air conditioners, air purifiers, and other home appliances. The company also provides office solutions, including multifunction printers and related business systems.

Sharp is also active in display technologies, semiconductor-related products and electronic components, as well as solar and other energy-related solutions.