Short Interest in Resonac Holdings Co. (OTCMKTS:SHWDY) Expands By 1,050.0%

Resonac Holdings Co. (OTCMKTS:SHWDY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 2,300 shares, a growth of 1,050.0% from the September 15th total of 200 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 1.0 days.

Resonac Price Performance

Shares of OTCMKTS:SHWDY remained flat at $23.35 during midday trading on Thursday. The firm’s 50 day moving average is $22.42 and its 200 day moving average is $22.35. Resonac has a twelve month low of $19.11 and a twelve month high of $25.71. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 1.30.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.41 EPS for the quarter. Resonac had a net margin of 2.69% and a return on equity of 4.66%. The business had revenue of $2.03 billion during the quarter. On average, analysts anticipate that Resonac will post 1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Nomura Securities raised Resonac to a “strong-buy” rating in a report on Friday, July 12th.

About Resonac

Resonac Holdings Corporation operates as a chemical company in Japan, China, rest of Asia, and internationally. It operates through Semiconductor and Electronic Materials, Mobility, Innovation Enabling Materials, and Chemicals segments. The company offers gases and solvents, abatement systems and surface treatments, CMP slurries, and anti-charging materials; semiconductor-related materials, display and sensor-related materials, and films; base and photosensitive materials for PWBs; hard disks, SiCs, and optical semiconductors for use as electronic device components; and molded plastics/sheet-formed, powder metal, and aluminum products for automotives.