Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Short Interest Update

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,054 shares, an increase of 2,470.7% from the January 15th total of 41 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,472 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 1,472 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are sold short.

Resonac Price Performance

Shares of SHWDY stock opened at $62.40 on Wednesday. The firm has a fifty day moving average of $44.95 and a two-hundred day moving average of $36.78. The firm has a market cap of $11.54 billion, a P/E ratio of 312.02 and a beta of 0.42. Resonac has a 1-year low of $15.38 and a 1-year high of $62.80. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The company had revenue of $2.33 billion for the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Resonac to a “strong-buy” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Resonac presently has an average rating of “Strong Buy”.

Resonac Company Profile

Resonac Corporation (OTCMKTS: SHWDY), formerly known as Showa Denko K.K., is a diversified chemical manufacturer based in Tokyo, Japan. The company produces a broad range of industrial chemicals and performance materials that serve sectors including automotive, electronics, energy storage and environmental applications. Its product portfolio encompasses basic petrochemicals, polyolefins, functional chemicals, ceramic powders, aluminum specialty products and graphite electrodes for steel production.

Resonac maintains a strong presence in the electronics materials market through its supply of semiconductor‐grade silicon, silicon wafers, rare‐earth magnetic alloys and high‐purity gases and chemicals used in semiconductor fabrication.