Short Interest in Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Expands By 15,500.0%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 156 shares, a growth of 15,500.0% from the April 15th total of 1 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 235 shares, the short-interest ratio is currently 0.7 days.

Resonac Price Performance

Shares of SHWDY stock remained flat at $91.26 on Monday. The company had a trading volume of 6 shares, compared to its average volume of 81. The company has a quick ratio of 1.37, a current ratio of 1.80 and a debt-to-equity ratio of 1.07. The company has a market cap of $16.87 billion, a P/E ratio of 86.09 and a beta of 0.49. Resonac has a twelve month low of $18.30 and a twelve month high of $91.26. The stock’s fifty day moving average is $74.69 and its two-hundred day moving average is $55.77.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

Wall Street Analysts Forecast Growth

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

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.