Sharp Co. (OTCMKTS:SHCAY) Short Interest Down 25.8% in March

Sharp Co. (OTCMKTS:SHCAY) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 9,500 shares, a drop of 25.8% from the March 15th total of 12,800 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is presently 1.7 days.

Sharp Stock Performance

Shares of SHCAY stock opened at $1.38 on Monday. The stock’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.50. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -3.45 and a beta of 0.71. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 3.15. Sharp has a 1-year low of $1.16 and a 1-year high of $1.74.

Sharp (OTCMKTS:SHCAY) last issued its earnings results on Friday, February 7th. The company reported ($0.01) earnings per share for the quarter. Sharp had a negative net margin of 7.12% and a negative return on equity of 17.10%. On average, sell-side analysts predict that Sharp will post 0.01 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.