Short Interest in Asahi Kasei Corp. (OTCMKTS:AHKSY) Drops By 80.8%

Asahi Kasei Corp. (OTCMKTS:AHKSY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 8,140 shares, a drop of 80.8% from the November 30th total of 42,294 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 23,449 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 23,449 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Asahi Kasei Stock Up 0.0%

Asahi Kasei stock opened at $17.61 on Friday. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 12.85 and a beta of 0.44. Asahi Kasei has a 1-year low of $12.12 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.20 and a quick ratio of 1.26. The business has a fifty day moving average price of $16.67 and a 200-day moving average price of $15.59.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Asahi Kasei had a return on equity of 7.41% and a net margin of 4.64%.The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.12 billion.

Analyst Ratings Changes

Separately, Zacks Research raised Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Asahi Kasei currently has a consensus rating of “Hold”.

About Asahi Kasei

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.