Short Interest in Asahi Kasei Co. (OTCMKTS:AHKSY) Expands By 1,333.3%

Asahi Kasei Co. (OTCMKTS:AHKSY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 21,500 shares, a growth of 1,333.3% from the December 15th total of 1,500 shares. Based on an average trading volume of 89,300 shares, the days-to-cover ratio is presently 0.2 days.

Asahi Kasei Price Performance

Shares of OTCMKTS AHKSY traded down $0.27 during midday trading on Monday, reaching $13.35. 52,216 shares of the company traded hands, compared to its average volume of 70,086. The stock’s 50-day simple moving average is $14.10 and its 200-day simple moving average is $13.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.62. Asahi Kasei has a 12 month low of $12.14 and a 12 month high of $15.80. The firm has a market cap of $9.30 billion, a PE ratio of 19.07 and a beta of 0.65.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $5.07 billion during the quarter. Asahi Kasei had a net margin of 2.47% and a return on equity of 7.70%.

About Asahi Kasei

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.