Sharp Corp. (OTCMKTS:SHCAY) Short Interest Down 28.9% in January

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 6,853 shares, a decline of 28.9% from the December 31st total of 9,643 shares. Based on an average trading volume of 2,987 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,987 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sharp to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sharp Trading Down 3.8%

Shares of Sharp stock opened at $1.09 on Monday. The company has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.28. Sharp has a 12-month low of $1.01 and a 12-month high of $1.70. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.83 billion, a PE ratio of 7.25 and a beta of 0.50.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a return on equity of 19.42% and a net margin of 2.95%.The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.29 billion. On average, research analysts anticipate that Sharp will post 0.01 EPS for the current fiscal year.

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.