Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Short Interest Down 99.4% in May

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 1 shares, a decline of 99.4% from the April 30th total of 156 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 193 shares, the days-to-cover ratio is currently 0.0 days.

Resonac Stock Performance

Shares of Resonac stock opened at $113.68 on Thursday. The company has a market capitalization of $21.02 billion, a PE ratio of 92.73 and a beta of 0.49. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.80. The company has a 50-day simple moving average of $83.84 and a two-hundred day simple moving average of $62.21. Resonac has a one year low of $20.48 and a one year high of $126.17.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings data on Thursday, May 21st. The company reported $999.00 earnings per share (EPS) for the quarter. Resonac had a net margin of 2.59% and a return on equity of 4.89%.

Resonac Company Profile

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.