Shin-Etsu Chemical Co. (OTCMKTS:SHECY – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 165,396 shares, a growth of 114.0% from the August 31st total of 77,304 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,279,257 shares, the days-to-cover ratio is currently 0.1 days.
Shin-Etsu Chemical Stock Performance
OTCMKTS SHECY traded up $0.10 on Tuesday, hitting $18.58. 32,873 shares of the stock traded hands, compared to its average volume of 512,065. The business’s fifty day moving average is $19.02 and its two-hundred day moving average is $20.84. Shin-Etsu Chemical has a 12 month low of $13.64 and a 12 month high of $24.74. The firm has a market capitalization of $73.76 billion, a price-to-earnings ratio of 22.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.60 and a current ratio of 6.09.
Shin-Etsu Chemical (OTCMKTS:SHECY – Get Free Report) last issued its earnings results on Friday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%.The firm had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. As a group, equities analysts anticipate that Shin-Etsu Chemical will post 0.88 EPS for the current fiscal year.
About Shin-Etsu Chemical
Shin-Etsu Chemical Co, Ltd. is a Japanese chemical manufacturer founded in 1926 and headquartered in Tokyo. The company develops and produces a broad range of specialty and industrial materials used in electronics, construction, automotive, healthcare, and other manufacturing industries. Its operations serve customers in Japan and international markets through production and sales networks across Asia, North America, Europe, and other regions.
Shin-Etsu is one of the world’s major suppliers of semiconductor silicon wafers, a critical material used to manufacture integrated circuits.
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