Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Rises By 127.3%

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 21,355 shares, an increase of 127.3% from the July 30th total of 9,394 shares. Based on an average trading volume of 9,274 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the company’s stock are short sold.

Sharp Trading Up 0.3%

SHCAY opened at $0.93 on Friday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 13.29 and a beta of 0.63. Sharp has a 1 year low of $0.80 and a 1 year high of $1.52. The stock has a fifty day moving average price of $0.93 and a 200 day moving average price of $0.92.

Sharp (OTCMKTS:SHCAY) last issued its earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Sharp had a return on equity of 11.62% and a net margin of 1.32%.The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion. As a group, sell-side analysts forecast that Sharp will post 0.07 earnings per share for the current fiscal year.

About Sharp

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.