Sharp Corp. (OTCMKTS:SHCAY) Short Interest Update

Sharp Corp. (OTCMKTS:SHCAY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,643 shares, a growth of 56.3% from the December 15th total of 6,171 shares. Based on an average daily trading volume, of 18,622 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 18,622 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sharp presently has an average rating of “Hold”.

Sharp Stock Performance

OTCMKTS SHCAY opened at $1.15 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65. The company has a market cap of $2.99 billion, a P/E ratio of 7.67 and a beta of 0.50. The stock has a 50-day moving average of $1.22 and a two-hundred day moving average of $1.28. Sharp has a 1-year low of $1.01 and a 1-year high of $1.70.

Sharp (OTCMKTS:SHCAY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Sharp had a net margin of 2.95% and a return on equity of 19.42%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.29 billion. As a group, analysts anticipate 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.