Sharp Corp. (OTCMKTS:SHCAY) Sees Significant Increase in Short Interest

Sharp Corp. (OTCMKTS:SHCAY) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 30,432 shares, a growth of 344.1% from the January 15th total of 6,853 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 30,688 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 30,688 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sharp to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sharp Stock Down 0.9%

Shares of Sharp stock traded down $0.01 on Friday, reaching $1.06. 18,657 shares of the company were exchanged, compared to its average volume of 9,213. The stock’s 50 day moving average price is $1.17 and its 200-day moving average price is $1.28. The company has a market cap of $2.76 billion, a P/E ratio of 3.79 and a beta of 0.58. Sharp has a 1-year low of $1.01 and a 1-year high of $1.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Sharp had a net margin of 5.57% and a return on equity of 25.52%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.14 billion. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. As a group, equities analysts forecast that Sharp will post 0.01 EPS for the current year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.