Resonac Holdings Co. (OTCMKTS:SHWDY) Short Interest Down 95.7% in October

by · The Markets Daily

Resonac Holdings Co. (OTCMKTS:SHWDY – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decline of 95.7% from the September 30th total of 2,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

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

View Our Latest Stock Report on Resonac

Resonac Stock Performance

OTCMKTS SHWDY remained flat at $23.35 during trading on Friday. The firm has a market cap of $4.32 billion, a PE ratio of 30.72 and a beta of 0.39. Resonac has a 12 month low of $19.11 and a 12 month high of $25.71. The business’s fifty day moving average is $22.82 and its 200-day moving average is $22.59. 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 – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.41 earnings per share 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, equities analysts forecast that Resonac will post 1.09 EPS for the current year.

About Resonac

(Get Free Report)

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.

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