Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Up 206.7% in December

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 565,338 shares, a growth of 206.7% from the December 15th total of 184,353 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 885,187 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 885,187 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Shin-Etsu Chemical Stock Performance

OTCMKTS SHECY traded up $0.57 on Thursday, hitting $17.90. 21,346 shares of the stock traded hands, compared to its average volume of 356,786. The business’s fifty day moving average is $15.35 and its two-hundred day moving average is $15.57. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $17.93. The firm has a market capitalization of $71.08 billion, a price-to-earnings ratio of 20.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.41 and a current ratio of 5.90.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.23 EPS for the quarter. The business had revenue of $4.45 billion for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. As a group, equities analysts anticipate that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.