The short-term stake in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SECY) decreases by 30.9%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS: SHECYGet a rating) saw a significant decline in short-term interest in April. As of April 30, there was short interest totaling 26,400 shares, down 30.9% from the April 15 total of 38,200 shares. Based on an average daily volume of 261,400 shares, the day-to-cover ratio is currently 0.1 day.

Shares of SECY traded down $0.75 on Friday, hitting $35.09. 100,841 shares of the company have been traded, compared to its average volume of 133,557. The company has a current ratio of 5.76, a quick ratio of 4.71 and a debt ratio of 0.01. The stock has a market capitalization of $58.48 billion, a PE ratio of 12.86 and a beta of 1.02. The stock’s 50-day simple moving average is $36.09 and its two-hundred-day simple moving average is $40.01. Shin-Etsu Chemical has a 52-week low of $32.79 and a 52-week high of $48.91.

A number of research analysts have weighed in on SHECY shares recently. Mizuho upgraded Shin-Etsu Chemical from a “neutral” rating to a “buy” rating in a report on Monday, February 28. Zacks Investment Research downgraded Shin-Etsu Chemical from a “strong buy” rating to a “hold” rating in a report on Wednesday, May 4.

About Shin-Etsu Chemical (Get a rating)

Shin-Etsu Chemical Co, Ltd. operates in polyvinyl chloride (PVC)/chlor-alkali, semiconductor silicon, silicones, electronics and functional materials, specialty chemicals, processing, trading and specialty businesses globally entire. It offers PVC for use in PVC pipes, plastic greenhouses, electrical wire covering materials, PVC framed windows and covering materials; caustic soda for use in alumina, paper and pulp, cathode materials and superabsorbent polymers; and sodium hypochlorite.

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