Sharp Corp. (OTCMKTS:SHCAY) Sees Significant Decline in Short Interest

Sharp Corp. (OTCMKTS:SHCAY) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,090 shares, a drop of 87.2% from the August 31st total of 16,385 shares. Based on an average daily volume of 11,524 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Sharp Stock Performance

Shares of Sharp stock traded down $0.01 on Friday, reaching $0.96. 445 shares of the stock were exchanged, compared to its average volume of 3,843. The business has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $0.92. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 13.71 and a beta of 0.66. Sharp has a twelve month low of $0.80 and a twelve month high of $1.52. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. Analysts anticipate that Sharp will post 0.07 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.