Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Sees Significant Decrease in Short Interest

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 61,126 shares, a decline of 51.9% from the July 30th total of 127,105 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 623,185 shares, the days-to-cover ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Performance

Shares of SHECY stock traded up $0.14 during trading hours on Monday, hitting $18.72. The company’s stock had a trading volume of 456,922 shares, compared to its average volume of 517,372. The stock has a market cap of $74.32 billion, a PE ratio of 22.55 and a beta of 1.34. The company has a 50 day moving average of $20.50 and a 200 day moving average of $20.87. Shin-Etsu Chemical has a 12-month low of $13.64 and a 12-month high of $24.74. The company has a current ratio of 6.09, a quick ratio of 4.60 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings data on Friday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%.The business had revenue of $4.16 billion during 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 is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.