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

Asahi Kasei Co. (OTCMKTS:AHKSY – Get Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 63,400 shares, a growth of 3,070.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 203,400 shares, the days-to-cover ratio is presently 0.3 days.

AHKSY has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Asahi Kasei in a research report on Sunday. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Asahi Kasei from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st.

Shares of OTCMKTS AHKSY traded down $0.88 during midday trading on Wednesday, hitting $15.97. 154,547 shares of the company’s stock traded hands, compared to its average volume of 115,870. The firm has a fifty day moving average of $17.57 and a 200 day moving average of $19.05. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 8.73 and a beta of 0.69. Asahi Kasei has a 1 year low of $15.97 and a 1 year high of $23.89. 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 (OTCMKTS:AHKSY – Get Rating) last released its earnings results on Wednesday, February 9th. The company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $5.67 billion during the quarter. Asahi Kasei had a net margin of 5.80% and a return on equity of 9.91%. On average, equities analysts anticipate that Asahi Kasei will post 1.77 earnings per share for the current year.

Asahi Kasei Company Profile (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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