Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Sees Large Decline in Short Interest

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 573 shares, a decline of 45.6% from the January 29th total of 1,054 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,430 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,430 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of 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.com, Resonac currently has a consensus rating of “Strong Buy”.

Resonac Stock Up 2.9%

OTCMKTS SHWDY opened at $74.50 on Friday. The business has a fifty day moving average price of $53.69 and a 200 day moving average price of $40.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. The company has a market cap of $13.78 billion, a P/E ratio of 70.28 and a beta of 0.42. Resonac has a one year low of $15.38 and a one year high of $74.50.

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

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.