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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 81 shares, a decrease of 86.6% from the August 31st total of 603 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 121 shares, the short-interest ratio is currently 0.7 days.

Resonac Price Performance

Shares of SHWDY opened at $98.95 on Friday. 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 company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 53.89 and a beta of 0.70. Resonac has a 1 year low of $32.48 and a 1 year high of $126.17. The business has a 50-day moving average of $96.68 and a 200-day moving average of $94.73.

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