Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 101.1% in November

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 19,100 shares, a growth of 101.1% from the November 15th total of 9,500 shares. Based on an average trading volume of 525,300 shares, the days-to-cover ratio is presently 0.0 days.

Shin-Etsu Chemical Price Performance

Shares of OTCMKTS:SHECY traded down $0.49 during trading on Friday, hitting $17.15. 369,898 shares of the company were exchanged, compared to its average volume of 250,259. The company has a market cap of $68.66 billion, a PE ratio of 20.18 and a beta of 1.22. Shin-Etsu Chemical has a 52-week low of $16.70 and a 52-week high of $23.23. The stock has a 50 day moving average of $18.84 and a 200 day moving average of $19.82.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Friday, October 25th. The basic materials company reported $0.24 EPS for the quarter. Shin-Etsu Chemical had a return on equity of 11.12% and a net margin of 20.59%. The business had revenue of $4.49 billion during the quarter. Sell-side analysts forecast that Shin-Etsu Chemical will post 0.92 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.