Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,211,857 shares, an increase of 83.3% from the August 15th total of 5,571,210 shares. Based on an average trading volume of 740 shares, the days-to-cover ratio is currently 13,799.8 days.
Asahi Group Price Performance
Asahi Group stock opened at $11.00 on Wednesday. Asahi Group has a 12 month low of $8.83 and a 12 month high of $13.32. The stock’s 50 day moving average is $10.14 and its 200-day moving average is $9.94.
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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