Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Short Interest Update

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 81 shares, a decrease of 86.6% from the August 31st total of 603 shares. Based on an average trading volume of 121 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

Resonac Price Performance

SHWDY stock opened at $98.95 on Friday. The business has a 50 day moving average price of $96.40 and a 200 day moving average price of $94.70. 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 $18.91 billion, a price-to-earnings ratio of 53.89 and a beta of 0.70. Resonac has a fifty-two week low of $32.48 and a fifty-two week high of $126.17.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.03 EPS for the quarter. The company had revenue of $2.32 billion for the quarter. Resonac had a net margin of 4.05% and a return on equity of 7.54%.

About Resonac

Resonac Corporation is a Japan-based chemical and materials company formerly known as Showa Denko K.K. The company changed its name to Resonac in January 2023 following the integration of Showa Denko and Showa Denko Materials, formerly Hitachi Chemical. Resonac develops materials and technologies used across the semiconductor, electronics, automotive, energy and industrial sectors.

The company’s products include semiconductor and electronic materials, semiconductor packaging materials, silicon carbide epitaxial wafers, high-purity gases, graphite electrodes and advanced carbon products.