Resonac Holdings Co. (OTCMKTS:SHWDY) Short Interest Down 33.3% in September

Resonac Holdings Co. (OTCMKTS:SHWDY) saw a large decrease in short interest in 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 Price Performance

OTCMKTS SHWDY opened at $23.35 on Thursday. The company has a 50 day moving average price of $22.48 and a two-hundred day moving average price of $22.15. 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 has a 12-month low of $19.11 and a 12-month high of $25.71.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $2.03 billion during the quarter. Resonac had a return on equity of 4.66% and a net margin of 2.69%. Research analysts predict that Resonac will post 1.09 EPS for the current year.

Analyst Ratings Changes

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

Resonac Company Profile

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.