Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Declines By 88.1%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a significant decrease in short interest in 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 shares of the company 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 shares of the company are sold short.

Resonac Price Performance

SHWDY stock remained flat at $52.97 during trading on Tuesday. The company’s stock had a trading volume of 49 shares, compared to its average volume of 581. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $40.66 and a two-hundred day moving average price of $34.41. The firm has a market cap of $9.79 billion, a P/E ratio of 264.84 and a beta of 0.41. Resonac has a 1-year low of $15.38 and a 1-year high of $54.21.

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

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Resonac to a “strong-buy” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Resonac currently 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.