Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Expands By 15,500.0%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 156 shares, an increase of 15,500.0% from the April 15th total of 1 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 235 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Resonac Stock Performance

Shares of OTCMKTS:SHWDY remained flat at $91.26 on Monday. The stock had a trading volume of 6 shares, compared to its average volume of 81. The company’s 50 day moving average price is $74.69 and its 200-day moving average price is $55.77. Resonac has a 12 month low of $18.30 and a 12 month high of $91.26. The firm has a market capitalization of $16.87 billion, a P/E ratio of 86.09 and a beta of 0.49. The company has a quick ratio of 1.37, a current ratio of 1.80 and a debt-to-equity ratio of 1.07.

Resonac (OTCMKTS:SHWDY) last announced its earnings results on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.The business had revenue of $2.34 billion during the quarter.

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.