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

Sharp Corp. (OTCMKTS:SHCAY) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 15,099 shares, a growth of 68.8% from the February 26th total of 8,943 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,505 shares, the short-interest ratio is presently 1.2 days.

Sharp Price Performance

OTCMKTS:SHCAY opened at $0.88 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $1.19. The stock has a market cap of $2.29 billion, a PE ratio of 3.14 and a beta of 0.60. Sharp has a 52 week low of $0.83 and a 52 week high of $1.59.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Sharp had a return on equity of 23.43% and a net margin of 5.57%.The firm had revenue of $3.03 billion during 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, analysts forecast that Sharp will post 0.01 EPS for the current fiscal 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.