Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 6,500 shares, a decline of 84.7% from the August 31st total of 42,500 shares. Based on an average daily trading volume, of 628,600 shares, the days-to-cover ratio is presently 0.0 days.
Shin-Etsu Chemical Trading Down 2.3 %
SHECY traded down $0.49 during trading hours on Friday, hitting $20.74. 107,831 shares of the company’s stock were exchanged, compared to its average volume of 253,480. Shin-Etsu Chemical has a 12-month low of $13.65 and a 12-month high of $23.23. The firm has a 50 day moving average of $20.79 and a 200 day moving average of $20.32. The firm has a market cap of $83.03 billion, a P/E ratio of 23.04 and a beta of 1.22.
Shin-Etsu Chemical (OTCMKTS:SHECY – Get Free Report) last posted its earnings results on Friday, July 26th. The basic materials company reported $0.23 earnings per share 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. As a group, research analysts expect that Shin-Etsu Chemical will post 0.9 EPS 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.
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