Sharp Corp. (OTCMKTS:SHCAY) Short Interest Up 283.8% in December
by Renee Jackson · The Cerbat GemSharp Corp. (OTCMKTS:SHCAY – Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 6,171 shares, a growth of 283.8% from the November 30th total of 1,608 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,686 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 10,686 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.
Sharp Stock Performance
SHCAY stock remained flat at $1.17 during trading on Friday. 10,635 shares of the company’s stock were exchanged, compared to its average volume of 5,173. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 7.80 and a beta of 0.52. The stock has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.27. Sharp has a one year low of $1.01 and a one year high of $1.70.
Sharp (OTCMKTS:SHCAY – Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a net margin of 2.95% and a return on equity of 19.42%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. On average, research analysts anticipate that Sharp will post 0.01 EPS for the current year.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Sharp
About Sharp
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.