Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Up 1,952.7% in February

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 484,695 shares, a growth of 1,952.7% from the February 12th total of 23,613 shares. Based on an average daily volume of 980,897 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 980,897 shares, the short-interest ratio is currently 0.5 days.

Shin-Etsu Chemical Price Performance

OTCMKTS SHECY opened at $19.35 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The stock has a market cap of $76.82 billion, a price-to-earnings ratio of 22.50 and a beta of 1.33. The business has a 50 day simple moving average of $17.65 and a 200 day simple moving average of $16.23. Shin-Etsu Chemical has a 52-week low of $11.88 and a 52-week high of $20.93.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. The firm had revenue of $4.22 billion for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. Analysts anticipate that Shin-Etsu Chemical will post 0.86 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

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.