Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 51.9%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 61,126 shares, a drop of 51.9% from the July 30th total of 127,105 shares. Based on an average trading volume of 623,185 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Shin-Etsu Chemical Stock Performance

Shares of SHECY opened at $18.58 on Friday. Shin-Etsu Chemical has a 12-month low of $13.64 and a 12-month high of $24.74. The stock has a market cap of $73.76 billion, a P/E ratio of 22.39 and a beta of 1.34. The company has a current ratio of 6.09, a quick ratio of 4.60 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $20.50 and a two-hundred day moving average of $20.84.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 18.39% and a return on equity of 10.49%. The business had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. As a group, research analysts predict that Shin-Etsu Chemical will post 0.88 EPS for the current fiscal year.

About Shin-Etsu Chemical

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.