Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Increases By 2,470.7%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,054 shares, a growth of 2,470.7% from the January 15th total of 41 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,472 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 1,472 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Resonac Price Performance

SHWDY traded up $1.73 during trading on Tuesday, reaching $62.40. 365 shares of the stock were exchanged, compared to its average volume of 805. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 312.02 and a beta of 0.41. 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 has a 1 year low of $15.38 and a 1 year high of $62.80. The business’s 50 day moving average price is $44.41 and its two-hundred day moving average price is $36.52.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The business had revenue of $2.33 billion during the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

About Resonac

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.