Asahi Kasei Corp. (OTCMKTS:AHKSY) Short Interest Update

Asahi Kasei Corp. (OTCMKTS:AHKSY) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 780 shares, a decrease of 98.7% from the July 30th total of 58,125 shares. Based on an average daily trading volume, of 62,002 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Asahi Kasei Stock Up 0.1%

Asahi Kasei stock traded up $0.02 during mid-day trading on Tuesday, hitting $20.49. 61,758 shares of the company’s stock were exchanged, compared to its average volume of 38,295. 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 stock has a market cap of $14.28 billion, a P/E ratio of 11.14 and a beta of 0.53. The stock has a 50 day moving average of $21.98 and a two-hundred day moving average of $21.39. Asahi Kasei has a 1-year low of $15.18 and a 1-year high of $24.12.

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.