Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Declines By 96.3%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECYGet Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 14,100 shares, a drop of 96.3% from the April 30th total of 377,900 shares. Based on an average daily volume of 212,900 shares, the days-to-cover ratio is presently 0.1 days.

Shin-Etsu Chemical Trading Up 0.7 %

SHECY stock traded up $0.11 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 125,926 shares, compared to its average volume of 213,373. The stock has a 50-day simple moving average of $15.18 and a 200 day simple moving average of $13.98. The firm has a market capitalization of $63.48 billion, a price-to-earnings ratio of 11.67 and a beta of 1.22. Shin-Etsu Chemical has a 52 week low of $9.74 and a 52 week high of $17.67.

Shin-Etsu Chemical Company Profile

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Shin-Etsu Chemical Co, Ltd. engages in the manufacture and sale of industrial chemicals. Its operations are carried out through the following segments: Polyvinyl Chloride (PVC)/Chlor-Alkali Business, Silicone Business, Specialty Chemicals Business, Semiconductor Silicon Business, Electronics and Functional Materials Business, and Diversified Business.

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