Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Rises By 82.6%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 82,319 shares, an increase of 82.6% from the June 15th total of 45,082 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 411,507 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Performance

Shares of OTCMKTS:SHECY opened at $22.13 on Friday. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. Shin-Etsu Chemical has a 12 month low of $13.64 and a 12 month high of $24.74. The company has a market capitalization of $87.86 billion, a price-to-earnings ratio of 26.35 and a beta of 1.32. The firm’s 50-day moving average is $22.58 and its 200 day moving average is $20.28.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The business had revenue of $4.08 billion during the quarter. Research analysts predict that Shin-Etsu Chemical will post 0.93 EPS for the current year.

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.