Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Down 81.5% in March

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 89,843 shares, a drop of 81.5% from the February 26th total of 484,695 shares. Based on an average trading volume of 1,185,186 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,185,186 shares, the days-to-cover ratio is currently 0.1 days.

Shin-Etsu Chemical Trading Up 2.6%

Shares of OTCMKTS SHECY traded up $0.50 during trading on Wednesday, hitting $19.73. 42,532 shares of the company were exchanged, compared to its average volume of 553,213. The company has a fifty day moving average price of $18.37 and a 200-day moving average price of $16.55. 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 firm has a market capitalization of $78.33 billion, a PE ratio of 22.94 and a beta of 1.33. Shin-Etsu Chemical has a 12-month low of $11.88 and a 12-month high of $20.95.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The firm had revenue of $4.22 billion during the quarter. As a group, equities research analysts expect that Shin-Etsu Chemical will post 0.86 EPS for the current 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.