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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 44 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 283 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Resonac Stock Performance

Resonac stock opened at $111.97 on Wednesday. Resonac has a 1 year low of $23.10 and a 1 year high of $126.17. The firm’s 50 day moving average price is $104.04 and its 200-day moving average price is $74.87. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35. The stock has a market cap of $20.70 billion, a P/E ratio of 91.33 and a beta of 0.59.

Resonac (OTCMKTS:SHWDY) last issued its earnings results on Thursday, May 21st. The company reported $999.00 earnings per share for the quarter. Resonac had a net margin of 2.59% and a return on equity of 4.89%.

About Resonac

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.