Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Significant Growth in Short Interest

Asahi Kasei Co. (OTCMKTS:AHKSY) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 21,500 shares, a growth of 1,333.3% from the December 31st total of 1,500 shares. Based on an average daily volume of 89,300 shares, the short-interest ratio is currently 0.2 days.

Asahi Kasei Price Performance

OTCMKTS AHKSY opened at $13.46 on Thursday. The firm’s 50 day moving average price is $13.79 and its 200-day moving average price is $13.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.62. The company has a market cap of $9.38 billion, a PE ratio of 19.23 and a beta of 0.65. Asahi Kasei has a 52-week low of $12.14 and a 52-week high of $15.80.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. Asahi Kasei had a return on equity of 7.70% and a net margin of 2.47%. The business had revenue of $5.07 billion for the quarter.

Asahi Kasei Company Profile

Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.