Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Stock Short Interest Climbs 1,283.3%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 581 shares, a growth of 1,283.3% from the October 15th total of 42 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 328 shares, the short-interest ratio is currently 1.8 days.

Resonac Stock Performance

Shares of OTCMKTS:SHWDY remained flat at $65.88 on Tuesday. 243 shares of the stock were exchanged, compared to its average volume of 230. The stock’s fifty day simple moving average is $95.29 and its 200-day simple moving average is $89.89. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 35.81 and a beta of 0.83. Resonac has a fifty-two week low of $35.15 and a fifty-two week high of $126.17.

About Resonac

Resonac is a Japanese materials and chemicals group serving industries that include semiconductors, electronics, mobility and industrial manufacturing. Its offerings include semiconductor packaging and process materials, electronic materials, specialty chemicals, carbon products and materials used in vehicle components. The company was established in 2023 through the integration of Showa Denko and Showa Denko Materials, which was formerly Hitachi Chemical. The combined business brought together chemical and materials operations with a focus on supplying products for advanced technologies and industrial applications.