Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) Sees Significant Increase in Short Interest

Key Points

• Short interest in Resonac surged 251.5% to 2,014 shares as of Feb. 27 (from 573 on Feb. 12), yielding a days-to-cover ratio of about 2.1 based on average daily volume of 956 shares.
• The stock opened at $71 with a market cap of $13.13 billion and a P/E of 66.98; the company reported quarterly EPS of $0.83 on $2.34 billion in revenue, with a ROE of 4.19% and a net margin of 2.11%.
• Analysts are bullish: The Goldman Sachs Group upgraded Resonac to a Strong Buy, and MarketBeat shows the stock’s average rating as Strong Buy.

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,014 shares, a growth of 251.5% from the February 12th total of 573 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 956 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 956 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.0% of the shares of the stock are short sold.

Resonac Price Performance

OTCMKTS:SHWDY opened at $71.00 on Wednesday. Resonac has a 12-month low of $15.38 and a 12-month high of $78.00. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 66.98 and a beta of 0.34. The company's 50-day moving average is $58.80 and its two-hundred day moving average is $43.44. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21.

Resonac (OTCMKTS:SHWDY - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Resonac to a "strong-buy" rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Resonac presently has an average rating of "Strong Buy".

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.

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