Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Sees Large Growth in Short Interest

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 603 shares, a growth of ∞ from the August 15th total of 0 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 555 shares, the short-interest ratio is presently 1.1 days.

Resonac Price Performance

SHWDY stock opened at $98.95 on Wednesday. The business has a 50 day moving average of $97.64 and a 200 day moving average of $93.55. The firm has a market cap of $18.91 billion, a PE ratio of 53.89 and a beta of 0.70. Resonac has a twelve month low of $32.48 and a twelve month high of $126.17. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.83.

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

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.