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

Sharp Corp. (OTCMKTS:SHCAY) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 9,303 shares, a drop of 69.4% from the January 29th total of 30,432 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 20,834 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 20,834 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sharp to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sharp presently has a consensus rating of “Hold”.

Sharp Stock Up 3.2%

Shares of OTCMKTS SHCAY opened at $0.98 on Thursday. The company’s 50 day moving average price is $1.14 and its 200-day moving average price is $1.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.88. Sharp has a 52-week low of $0.92 and a 52-week high of $1.66. The company has a market capitalization of $2.55 billion, a P/E ratio of 3.50 and a beta of 0.58.

Sharp (OTCMKTS:SHCAY) last announced its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sharp had a net margin of 5.57% and a return on equity of 25.52%. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Equities analysts forecast that Sharp will post 0.01 earnings per share for the current year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.