Sharp Corp. (OTCMKTS:SHCAY) Shares Shorted: Short Interest Down 87.2% in September

Sharp Corp. (OTCMKTS:SHCAY) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,090 shares, a decline of 87.2% from the August 31st total of 16,385 shares. Based on an average trading volume of 11,524 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Sharp Stock Down 1.5%

Shares of Sharp stock opened at $0.97 on Friday. The business has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $0.92. The stock has a market cap of $2.54 billion, a PE ratio of 13.93 and a beta of 0.66. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 1.26. Sharp has a 12 month low of $0.80 and a 12 month high of $1.52.

Sharp (OTCMKTS:SHCAY) last released its earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion. Sharp had a return on equity of 11.29% and a net margin of 1.32%. Research analysts predict that Sharp will post 0.07 EPS for the current year.

About Sharp

Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.

The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.

Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.