Shin-Etsu Chemical Co. (OTCMKTS:SHECY – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 165,396 shares, an increase of 114.0% from the August 31st total of 77,304 shares. Based on an average daily trading volume, of 1,279,257 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Shin-Etsu Chemical Price Performance
Shin-Etsu Chemical stock opened at $18.71 on Wednesday. The business has a 50 day simple moving average of $18.95 and a 200 day simple moving average of $20.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.09 and a quick ratio of 4.60. The company has a market capitalization of $74.28 billion, a PE ratio of 22.54 and a beta of 1.35. Shin-Etsu Chemical has a one year low of $13.64 and a one year high of $24.74.
Shin-Etsu Chemical (OTCMKTS:SHECY – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%.The firm had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. On average, sell-side analysts forecast that Shin-Etsu Chemical will post 0.88 EPS for the current fiscal year.
About Shin-Etsu Chemical
Shin-Etsu Chemical Co, Ltd. is a Japanese chemical manufacturer founded in 1926 and headquartered in Tokyo. The company develops and produces a broad range of specialty and industrial materials used in electronics, construction, automotive, healthcare, and other manufacturing industries. Its operations serve customers in Japan and international markets through production and sales networks across Asia, North America, Europe, and other regions.
Shin-Etsu is one of the world’s major suppliers of semiconductor silicon wafers, a critical material used to manufacture integrated circuits.
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