Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Up 206.7% in December

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 565,338 shares, an increase of 206.7% from the December 15th total of 184,353 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 885,187 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 885,187 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Shin-Etsu Chemical Stock Performance

Shares of SHECY opened at $17.12 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.41 and a current ratio of 5.90. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $17.93. The firm’s 50 day moving average price is $15.30 and its two-hundred day moving average price is $15.56. The firm has a market cap of $67.97 billion, a P/E ratio of 19.68 and a beta of 1.35.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $4.45 billion during the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. On average, analysts forecast that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.