Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Decreases By 84.7%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 6,500 shares, a decrease of 84.7% from the August 31st total of 42,500 shares. Based on an average daily trading volume, of 628,600 shares, the short-interest ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Down 2.3 %

OTCMKTS:SHECY traded down $0.49 on Friday, hitting $20.74. The stock had a trading volume of 107,831 shares, compared to its average volume of 253,480. Shin-Etsu Chemical has a 52 week low of $13.65 and a 52 week high of $23.23. The business’s fifty day moving average is $20.79 and its 200 day moving average is $20.32. The company has a market cap of $83.03 billion, a PE ratio of 23.04 and a beta of 1.22.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Friday, July 26th. The basic materials company reported $0.23 EPS for the quarter. Shin-Etsu Chemical had a return on equity of 11.41% and a net margin of 21.14%. The business had revenue of $3.84 billion during the quarter. Equities analysts predict that Shin-Etsu Chemical will post 0.9 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

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.