Asahi Kasei Co. (OTCMKTS:AHKSY) Short Interest Down 67.7% in May

Asahi Kasei Co. (OTCMKTS:AHKSYGet Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 22,900 shares, a decline of 67.7% from the April 30th total of 71,000 shares. Based on an average trading volume of 285,000 shares, the short-interest ratio is presently 0.1 days.

Shares of OTCMKTS AHKSY opened at $16.25 on Thursday. The firm has a market cap of $11.33 billion, a PE ratio of 7.78 and a beta of 0.69. The company has a current ratio of 1.50, a quick ratio of 0.91 and a debt-to-equity ratio of 0.28. Asahi Kasei has a 1-year low of $15.77 and a 1-year high of $23.89. The company has a fifty day moving average price of $16.88 and a 200 day moving average price of $18.37.

Several analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Asahi Kasei in a research report on Sunday, April 24th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of Asahi Kasei from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st.

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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