Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Stock Short Interest Report for October

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 42 shares, a decrease of 45.5% from the September 30th total of 77 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 110 shares, the days-to-cover ratio is currently 0.4 days.

Resonac Stock Performance

Shares of OTCMKTS SHWDY opened at $83.34 on Friday. The business’s 50-day simple moving average is $99.31 and its 200-day simple moving average is $88.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.14 and a current ratio of 1.54. Resonac has a 52 week low of $35.15 and a 52 week high of $126.17. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 45.39 and a beta of 0.76.

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

About Resonac

Resonac Holdings Corporation is a Japan-based chemical and materials company formerly known as Showa Denko. The company was rebranded as Resonac in 2023 following the integration of Showa Denko and Showa Denko Materials, which was previously known as Hitachi Chemical.

Resonac develops and manufactures advanced materials and chemical products used in semiconductor and electronic applications, mobility, energy, and industrial markets. Its offerings include semiconductor packaging materials, silicon carbide and other semiconductor-related materials, graphite electrodes, battery materials, specialty chemicals, petrochemical products, and high-performance resins and films.

The company serves customers in Japan and international markets through a global manufacturing, research, and sales network.