Short Interest in Resonac Holdings Co. (OTCMKTS:SHWDY) Decreases By 33.3%

Resonac Holdings Co. (OTCMKTS:SHWDY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 200 shares, a decrease of 33.3% from the August 31st total of 300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 2.0 days.

Resonac Stock Performance

OTCMKTS:SHWDY remained flat at $23.35 during midday trading on Friday. 17 shares of the company were exchanged, compared to its average volume of 436. 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 has a 1 year low of $19.11 and a 1 year high of $25.71. The business’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $22.19.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.41 earnings per share (EPS) for the quarter. The business 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, sell-side analysts expect that Resonac will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Resonac

Resonac Holdings Corporation operates as a chemical company in Japan and internationally. It operates through seven segments: Petrochemicals, Chemicals, Electronics, Inorganics, Aluminum, Showa Denko Materials, and Others. The Petrochemicals segment offers olefins, including ethylene and propylene; organic chemicals, such as vinyl and ethyl acetate, and allyl alcohol; and polypropylene.