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

Asahi Kasei Co. (OTCMKTS:AHKSY) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 20,000 shares, an increase of 344.4% from the September 30th total of 4,500 shares. Based on an average daily volume of 58,700 shares, the days-to-cover ratio is presently 0.3 days.

Asahi Kasei Stock Performance

OTCMKTS:AHKSY opened at $13.79 on Friday. The business’s fifty day moving average is $14.36 and its 200 day moving average is $13.73. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 30.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.80. Asahi Kasei has a 52-week low of $11.86 and a 52-week high of $15.80.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter. Asahi Kasei had a return on equity of 7.00% and a net margin of 2.36%. The firm had revenue of $4.72 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.