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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 581 shares, an increase of 1,283.3% from the October 15th total of 42 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 328 shares, the short-interest ratio is currently 1.8 days.

Resonac Stock Performance

OTCMKTS SHWDY remained flat at $65.88 during trading on Wednesday. The company’s stock had a trading volume of 243 shares, compared to its average volume of 230. The stock has a 50-day simple moving average of $95.29 and a 200 day simple moving average of $89.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.14 and a current ratio of 1.54. The firm has a market cap of $12.64 billion, a PE ratio of 35.88 and a beta of 0.83. Resonac has a 12 month low of $35.15 and a 12 month high of $126.17.

About Resonac

Resonac is a Japanese materials and chemicals group serving industries that include semiconductors, electronics, mobility and industrial manufacturing. Its offerings include semiconductor packaging and process materials, electronic materials, specialty chemicals, carbon products and materials used in vehicle components. The company was established in 2023 through the integration of Showa Denko and Showa Denko Materials, which was formerly Hitachi Chemical. The combined business brought together chemical and materials operations with a focus on supplying products for advanced technologies and industrial applications.