Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Increases By 127.3%

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 21,355 shares, an increase of 127.3% from the July 30th total of 9,394 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 9,274 shares, the short-interest ratio is currently 2.3 days.

Sharp Price Performance

SHCAY opened at $0.93 on Friday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 13.25 and a beta of 0.63. Sharp has a twelve month low of $0.80 and a twelve month high of $1.52. The company’s 50-day moving average price is $0.92 and its two-hundred day moving average price is $0.92.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. Sharp had a net margin of 1.32% and a return on equity of 11.62%. As a group, sell-side analysts anticipate that Sharp will post 0.07 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.