Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Declines By 99.4%

by · The Cerbat Gem

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY – Get Free Report) was the target of a significant decline in short interest in the month of 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 shares are sold short. Based on an average daily volume of 193 shares, the short-interest ratio is currently 0.0 days.

Resonac Price Performance

Shares of OTCMKTS:SHWDY remained flat at $113.68 during midday trading on Wednesday. The stock had a trading volume of 27 shares, compared to its average volume of 138. The firm has a market cap of $21.02 billion, a price-to-earnings 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. Resonac has a twelve month low of $20.48 and a twelve month high of $126.17. The company’s 50-day moving average is $83.84 and its 200 day moving average is $62.21.

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

Resonac Company Profile

(Get Free Report)

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.

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