Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Stock Short Interest Climbs 1,283.3%

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 581 shares, an increase of 1,283.3% from the October 15th total of 42 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 328 shares, the short-interest ratio is presently 1.8 days.

Resonac Stock Performance

Resonac stock remained flat at $65.88 during mid-day trading on Tuesday. The company’s stock had a trading volume of 243 shares, compared to its average volume of 230. The stock has a fifty day moving average price of $95.29 and a 200-day moving average price of $89.89. Resonac has a 52 week low of $35.15 and a 52 week high of $126.17. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 35.81 and a beta of 0.83. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83.

Resonac Company Profile

Resonac is a Japanese materials and chemicals group serving industries that include semiconductors, electronics, mobility and industrial manufacturing. Its offerings include semiconductor packaging and process materials, electronic materials, specialty chemicals, carbon products and materials used in vehicle components. The company was established in 2023 through the integration of Showa Denko and Showa Denko Materials, which was formerly Hitachi Chemical. The combined business brought together chemical and materials operations with a focus on supplying products for advanced technologies and industrial applications.