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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,054 shares, an increase of 2,470.7% from the January 15th total of 41 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,472 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 1,472 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Resonac Trading Up 2.8%

OTCMKTS:SHWDY traded up $1.73 during trading hours on Tuesday, reaching $62.40. 365 shares of the company were exchanged, compared to its average volume of 805. Resonac has a 52-week low of $15.38 and a 52-week high of $62.80. The stock has a 50 day simple moving average of $44.41 and a 200 day simple moving average of $36.52. The firm has a market cap 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 (OTCMKTS:SHWDY) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.The firm had revenue of $2.33 billion for the quarter.

Resonac Company Profile

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.