Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Significant Drop in Short Interest

Asahi Kasei Co. (OTCMKTS:AHKSYGet Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,000 shares, a decrease of 90.1% from the March 15th total of 20,300 shares. Based on an average trading volume of 181,700 shares, the short-interest ratio is currently 0.0 days.

Separately, Zacks Investment Research upgraded shares of Asahi Kasei from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st.

OTCMKTS AHKSY opened at $16.73 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.91 and a current ratio of 1.50. Asahi Kasei has a 1 year low of $16.26 and a 1 year high of $23.89. The stock’s 50-day moving average price is $18.18 and its two-hundred day moving average price is $19.38.

About Asahi Kasei (Get Rating)

Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates through three segments: Material, Homes, and Health Care. It provides caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, cyclohexanol, cyclohexane, and cyclohexene; polymers; chemical intermediates; additives; membranes and systems; clads and anchors; optical and printing materials; electronic materials; and lithium-ion battery and lead-acid battery separators.

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