Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Grows By ∞

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 603 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 555 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are short sold.

Resonac Price Performance

Shares of OTCMKTS:SHWDY opened at $98.95 on Tuesday. The business’s 50 day simple moving average is $97.92 and its 200-day simple moving average is $93.35. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 53.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 1.14. Resonac has a 12 month low of $32.48 and a 12 month high of $126.17.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.03 earnings per share for the quarter. The firm had revenue of $2.32 billion during the quarter. Resonac had a return on equity of 7.54% and a net margin of 4.05%.

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.