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

Sharp Corp. (OTCMKTS:SHCAY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 25,468 shares, an increase of 197.5% from the April 30th total of 8,561 shares. Based on an average daily volume of 12,221 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.0% of the shares of the company are short sold.

Sharp Stock Performance

Shares of OTCMKTS SHCAY traded down $0.04 during mid-day trading on Friday, hitting $0.91. 775 shares of the company were exchanged, compared to its average volume of 5,109. 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 stock has a 50 day simple moving average of $0.89 and a 200-day simple moving average of $1.05. Sharp has a 1-year low of $0.80 and a 1-year high of $1.52. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 6.97 and a beta of 0.60.

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.