Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Sees Significant Growth in Short Interest

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 184,353 shares, a growth of 1,189.8% from the November 30th total of 14,293 shares. Based on an average daily volume of 1,574,036 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,574,036 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

SHECY traded down $0.01 during trading on Wednesday, hitting $15.66. The company’s stock had a trading volume of 182,624 shares, compared to its average volume of 510,059. The company has a quick ratio of 4.41, a current ratio of 5.90 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $62.17 billion, a price-to-earnings ratio of 18.00 and a beta of 1.37. The firm’s 50 day moving average price is $15.20 and its two-hundred day moving average price is $15.51. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $17.93.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.32%.The company had revenue of $4.45 billion during the quarter. Sell-side analysts forecast that Shin-Etsu Chemical will post 0.86 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.