Sharp Corp. (OTCMKTS:SHCAY) Short Interest Up 56.3% in December

Sharp Corp. (OTCMKTS:SHCAY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,643 shares, a growth of 56.3% from the December 15th total of 6,171 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 18,622 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 18,622 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sharp to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sharp Price Performance

SHCAY traded down $0.06 on Friday, reaching $1.15. The company had a trading volume of 76,439 shares, compared to its average volume of 5,061. The company has a market capitalization of $2.99 billion, a P/E ratio of 7.67 and a beta of 0.50. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $1.22 and a 200-day moving average of $1.28. Sharp has a one year low of $1.01 and a one year high of $1.70.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a net margin of 2.95% and a return on equity of 19.42%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.29 billion. As a group, equities research analysts anticipate that Sharp will post 0.01 earnings per share for the current year.

About Sharp

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.