Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Expands By 251.5%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,014 shares, a growth of 251.5% from the February 12th total of 573 shares. Based on an average trading volume of 956 shares, the short-interest ratio is presently 2.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 956 shares, the short-interest ratio is presently 2.1 days.

Resonac Price Performance

Shares of OTCMKTS:SHWDY opened at $71.00 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. Resonac has a 52-week low of $15.38 and a 52-week high of $78.00. The business’s 50 day simple moving average is $59.46 and its two-hundred day simple moving average is $43.63. The firm has a market cap of $13.13 billion, a P/E ratio of 66.98 and a beta of 0.34.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings data on Friday, February 13th. The company reported $0.83 EPS for the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.The firm had revenue of $2.34 billion during the quarter.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Resonac to a “strong-buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

About Resonac

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.