Asahi Kasei Corp. (OTCMKTS:AHKSY) Sees Significant Increase in Short Interest

Asahi Kasei Corp. (OTCMKTS:AHKSY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 58,125 shares, a growth of 124.3% from the July 15th total of 25,913 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 37,023 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Asahi Kasei Stock Performance

AHKSY opened at $21.32 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $22.17 and its 200-day moving average is $21.34. The stock has a market cap of $14.86 billion, a PE ratio of 11.59 and a beta of 0.53. Asahi Kasei has a twelve month low of $15.17 and a twelve month high of $24.12.

Asahi Kasei Company Profile

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.