Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 42 shares, a drop of 45.5% from the September 30th total of 77 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 110 shares, the short-interest ratio is presently 0.4 days.
Resonac Trading Down 4.2%
Shares of OTCMKTS:SHWDY opened at $83.34 on Friday. Resonac has a 12-month low of $35.15 and a 12-month high of $126.17. The business has a 50 day moving average of $99.31 and a 200-day moving average of $88.97. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.93 billion, a PE ratio of 47.28 and a beta of 0.76.
Resonac (OTCMKTS:SHWDY – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.03 earnings per share for the quarter. The company had revenue of $2.32 billion for the quarter. Resonac had a return on equity of 7.54% and a net margin of 4.05%.
About Resonac
Resonac Holdings Corporation is a Japan-based chemical and materials company formerly known as Showa Denko. The company was rebranded as Resonac in 2023 following the integration of Showa Denko and Showa Denko Materials, which was previously known as Hitachi Chemical.
Resonac develops and manufactures advanced materials and chemical products used in semiconductor and electronic applications, mobility, energy, and industrial markets. Its offerings include semiconductor packaging materials, silicon carbide and other semiconductor-related materials, graphite electrodes, battery materials, specialty chemicals, petrochemical products, and high-performance resins and films.
The company serves customers in Japan and international markets through a global manufacturing, research, and sales network.
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