Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Increases 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 currently 2.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 956 shares, the short-interest ratio is currently 2.1 days.

Resonac Price Performance

SHWDY stock opened at $71.00 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $60.11 and its 200 day moving average price is $43.82. Resonac has a 52 week low of $15.38 and a 52 week high of $78.00. The company 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 issued 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 during the quarter. Resonac had a net margin of 2.11% and a return on equity of 4.11%.

Wall Street Analysts Forecast Growth

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