Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Decreases By 97.2%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY - Get Free Report) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 5,900 shares, a decrease of 97.2% from the February 13th total of 211,000 shares. Based on an average daily volume of 1,062,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Shin-Etsu Chemical Stock Up 0.6 %

OTCMKTS SHECY traded up $0.10 on Friday, reaching $15.05. 492,122 shares of the stock traded hands, compared to its average volume of 668,745. Shin-Etsu Chemical has a 12 month low of $14.40 and a 12 month high of $23.23. The company has a market cap of $59.73 billion, a price-to-earnings ratio of 16.72 and a beta of 1.27. The firm's fifty day simple moving average is $15.66 and its 200 day simple moving average is $17.83.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 11.27% and a net margin of 21.64%. As a group, equities research analysts forecast that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.