Short Interest in Resonac Holdings Co. (OTCMKTS:SHWDY) Decreases By 50.0%

Resonac Holdings Co. (OTCMKTS:SHWDY) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 600 shares, a decline of 50.0% from the May 31st total of 1,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 6.0 days.

Resonac Stock Performance

Resonac stock remained flat at $22.40 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.14 and a debt-to-equity ratio of 1.51. Resonac has a 1-year low of $21.29 and a 1-year high of $25.71. The company has a fifty day simple moving average of $22.41 and a 200-day simple moving average of $21.12.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.31 EPS for the quarter. The business had revenue of $2.12 billion during the quarter. Resonac had a net margin of 1.53% and a return on equity of 1.63%. As a group, research analysts predict that Resonac will post 1.09 earnings per share for the current year.

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.