Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Grows By ∞

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 603 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 555 shares, the short-interest ratio is currently 1.1 days. Approximately 0.0% of the shares of the stock are short sold.

Resonac Stock Performance

Shares of Resonac stock opened at $98.95 on Tuesday. Resonac has a 1 year low of $32.48 and a 1 year high of $126.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 1.14. The business has a 50 day moving average price of $97.92 and a 200 day moving average price of $93.35. The company has a market capitalization of $18.91 billion, a P/E ratio of 53.89 and a beta of 0.70.

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

Resonac Company Profile

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.