Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 81.5%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 89,843 shares, a decline of 81.5% from the February 26th total of 484,695 shares. Based on an average daily trading volume, of 1,185,186 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 1,185,186 shares, the days-to-cover ratio is presently 0.1 days.Get Shin-Etsu Chemical alerts:Shin-Etsu Chemical Stock Down 2.4%Shin-Etsu Chemical stock traded down $0.48 during trading hours on Tuesday, hitting $19.23. The company had a trading volume of 359,274 shares, compared to its average volume of 562,771. Shin-Etsu Chemical has a fifty-two week low of $11.88 and a fifty-two week high of $20.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The firm has a market capitalization of $76.34 billion, a P/E ratio of 22.36 and a beta of 1.33. The firm's fifty day moving average is $18.33 and its 200-day moving average is $16.52. Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%.The company had revenue of $4.22 billion during the quarter. On average, research analysts forecast that Shin-Etsu Chemical will post 0.86 earnings per share for the current year. Shin-Etsu Chemical Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Shin-Etsu ChemicalThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Shin-Etsu Chemical Right Now?Before you consider Shin-Etsu Chemical, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shin-Etsu Chemical wasn't on the list.While Shin-Etsu Chemical currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here