Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Drops By 87.5%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 23,613 shares, a decline of 87.5% from the January 29th total of 188,901 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,313,342 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 1,313,342 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Shin-Etsu Chemical Trading Up 0.1%

Shares of OTCMKTS:SHECY traded up $0.01 during mid-day trading on Wednesday, hitting $19.29. The company had a trading volume of 1,195,682 shares, compared to its average volume of 610,012. The firm has a fifty day moving average price of $16.88 and a 200 day moving average price of $15.95. The company has a market capitalization of $76.58 billion, a PE ratio of 22.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. Shin-Etsu Chemical has a one year low of $11.88 and a one year high of $19.66.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results 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 business had revenue of $4.22 billion for the quarter. As a group, research analysts forecast that Shin-Etsu Chemical will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Shin-Etsu Chemical presently has an average rating of “Hold”.

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.