Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Down 28.5% in May

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 105,300 shares, a decline of 28.5% from the May 15th total of 147,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 943,200 shares, the days-to-cover ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Up 1.8%

SHECY stock opened at $15.48 on Thursday. The company has a market cap of $61.46 billion, a PE ratio of 17.59 and a beta of 1.33. The business has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $15.56. Shin-Etsu Chemical has a 52 week low of $11.88 and a 52 week high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Friday, April 25th. The basic materials company reported $0.19 EPS for the quarter. The business had revenue of $4.14 billion during the quarter. Shin-Etsu Chemical had a return on equity of 11.14% and a net margin of 20.84%. On average, analysts anticipate that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.