Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Sees Significant Drop in Short Interest

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 41 shares, a decrease of 88.1% from the December 31st total of 344 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,401 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,401 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Resonac Trading Up 15.9%

Shares of OTCMKTS:SHWDY opened at $61.39 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $11.35 billion, a PE ratio of 306.97 and a beta of 0.41. The business’s fifty day simple moving average is $41.14 and its 200-day simple moving average is $34.60. Resonac has a 12-month low of $15.38 and a 12-month high of $61.39.

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

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.