Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 355.4% in June

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 80,600 shares, a growth of 355.4% from the May 31st total of 17,700 shares. Based on an average trading volume of 533,900 shares, the short-interest ratio is currently 0.2 days.

Shin-Etsu Chemical Trading Up 1.5 %

Shares of SHECY stock traded up $0.29 during trading hours on Friday, reaching $19.41. 106,173 shares of the company’s stock were exchanged, compared to its average volume of 264,759. Shin-Etsu Chemical has a 1 year low of $13.65 and a 1 year high of $23.04. The stock has a market cap of $77.71 billion, a PE ratio of 21.48 and a beta of 1.23. The stock’s fifty day moving average price is $19.18 and its two-hundred day moving average price is $20.01.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Thursday, April 25th. The basic materials company reported $0.17 EPS for the quarter. The firm had revenue of $3.99 billion for the quarter. Shin-Etsu Chemical had a return on equity of 11.96% and a net margin of 21.63%. On average, equities analysts expect that Shin-Etsu Chemical will post 0.98 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.