Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,140,735 shares, a decrease of 37.8% from the July 15th total of 3,443,323 shares. Based on an average trading volume of 411 shares, the days-to-cover ratio is presently 5,208.6 days.
Asahi Group Price Performance
Shares of OTCMKTS:ASBRF remained flat at $10.30 during midday trading on Wednesday. Asahi Group has a fifty-two week low of $8.83 and a fifty-two week high of $13.78. The company’s 50 day moving average price is $9.89 and its 200-day moving average price is $10.04.
About Asahi Group
Asahi Group Holdings, Ltd. is a Japan-based beverage and food company best known for its brewing operations, including the flagship Asahi Super Dry beer. The company’s core activities span brewing, soft drinks, distilled spirits and food products. Through its primary operating subsidiaries—Asahi Breweries, Ltd., Asahi Soft Drinks Co, Ltd. and Asahi Food & Healthcare Co, Ltd.—Asahi Group offers a diverse portfolio that includes lagers, craft-style beers, carbonated beverages, juices, ready-to-drink teas and health-oriented food products.
The origins of Asahi Group date back to 1889 when Osaka Beer Co commenced operations in Osaka, Japan.
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