Resonac Holdings Co. (OTCMKTS:SHWDY) Sees Large Decline in Short Interest

Resonac Holdings Co. (OTCMKTS:SHWDY - Get Free Report) was the target of a significant decrease in short interest in the month of 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 volume of 100 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

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

Resonac Stock Performance

Shares of SHWDY stock remained flat at $23.35 during mid-day trading on Friday. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 30.72 and a beta of 0.39. The business has a 50-day moving average price of $22.81 and a 200 day moving average price of $22.55. Resonac has a twelve month low of $19.11 and a twelve month high of $25.71. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.61 and a quick ratio of 1.15.

Resonac (OTCMKTS:SHWDY - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $2.03 billion for the quarter. Resonac had a net margin of 2.69% and a return on equity of 4.66%. On average, equities research analysts anticipate that Resonac will post 1.09 EPS for the current year.

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.

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