Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Short Interest Down 45.6% in February

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 573 shares, a decline of 45.6% from the January 29th total of 1,054 shares. Based on an average daily volume of 1,430 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,430 shares, the days-to-cover ratio is presently 0.4 days.

Resonac Stock Up 2.9%

Shares of SHWDY opened at $74.50 on Friday. Resonac has a 1 year low of $15.38 and a 1 year high of $74.50. The firm has a market cap of $13.78 billion, a P/E ratio of 70.28 and a beta of 0.42. The stock has a 50 day simple moving average of $53.69 and a two-hundred day simple moving average of $40.82. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $2.34 billion during the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.

Wall Street Analysts Forecast Growth

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

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.