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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 84,831 shares, a decrease of 82.7% from the April 15th total of 490,701 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,227,168 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Shin-Etsu Chemical to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Shin-Etsu Chemical Price Performance

SHECY traded down $0.22 during midday trading on Wednesday, hitting $23.56. 179,335 shares of the company traded hands, compared to its average volume of 551,743. The business has a 50 day simple moving average of $20.82 and a two-hundred day simple moving average of $17.80. Shin-Etsu Chemical has a 52-week low of $13.64 and a 52-week high of $24.74. The company has a market capitalization of $93.53 billion, a price-to-earnings ratio of 28.05 and a beta of 1.31. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The firm had revenue of $4.08 billion for the quarter. On average, equities analysts forecast that Shin-Etsu Chemical will post 0.93 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.