Short Interest in Resonac Holdings Co. (OTCMKTS:SHWDY) Decreases By 95.7%

Resonac Holdings Co. (OTCMKTS:SHWDY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 95.7% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Resonac Stock Performance

Shares of SHWDY remained flat at $23.35 during mid-day trading on Friday. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 1.30. Resonac has a 1-year low of $19.11 and a 1-year high of $25.71. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 30.72 and a beta of 0.39. The company’s 50-day moving average price is $22.82 and its 200-day moving average price is $22.59.

Resonac (OTCMKTS:SHWDY) last announced its earnings results on Thursday, August 8th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $2.03 billion for the quarter. Resonac had a return on equity of 4.66% and a net margin of 2.69%. Equities analysts expect that Resonac will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

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

Resonac Company Profile

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.