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

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 7,583 shares, a drop of 55.4% from the May 31st total of 17,011 shares. Based on an average daily volume of 8,181 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

Sharp Price Performance

SHCAY opened at $0.89 on Monday. Sharp has a twelve month low of $0.80 and a twelve month high of $1.52. The company has a 50-day moving average price of $0.90 and a 200 day moving average price of $1.00. The company has a market cap of $2.32 billion, a PE ratio of 6.86 and a beta of 0.63.

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.