Short Interest in Resonac Holdings Co. (OTCMKTS:SHWDY) Declines By 50.0%

Resonac Holdings Co. (OTCMKTS:SHWDY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 600 shares, a decline of 50.0% from the May 31st total of 1,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 6.0 days.

Resonac Stock Performance

OTCMKTS SHWDY remained flat at $22.40 during mid-day trading on Friday. Resonac has a one year low of $21.29 and a one year high of $25.71. The business’s 50 day moving average price is $22.29 and its 200-day moving average price is $21.19. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.63 and a quick ratio of 1.14.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.31 earnings per share for the quarter. Resonac had a net margin of 1.53% and a return on equity of 1.63%. The company had revenue of $2.12 billion during the quarter. As a group, equities research analysts anticipate that Resonac will post 1.09 EPS for the current year.

Resonac Company Profile

Resonac Holdings Corporation operates as a chemical company in Japan and internationally. It operates through seven segments: Petrochemicals, Chemicals, Electronics, Inorganics, Aluminum, Showa Denko Materials, and Others. The Petrochemicals segment offers olefins, including ethylene and propylene; organic chemicals, such as vinyl and ethyl acetate, and allyl alcohol; and polypropylene.