Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Short Interest Down 99.4% in May

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 1 shares, a decline of 99.4% from the April 30th total of 156 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 193 shares, the short-interest ratio is currently 0.0 days.

Resonac Stock Performance

OTCMKTS SHWDY remained flat at $113.68 on Friday. The company’s stock had a trading volume of 38 shares, compared to its average volume of 138. The company has a current ratio of 1.80, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $84.73 and its two-hundred day simple moving average is $62.72. The company has a market cap of $21.02 billion, a P/E ratio of 92.73 and a beta of 0.49. Resonac has a 1-year low of $20.48 and a 1-year high of $126.17.

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 return on equity of 4.89% and a net margin of 2.59%.

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.