Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 691,300 shares, a decrease of 13.8% from the September 30th total of 802,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 6,913.0 days.
Asahi Group Trading Down 2.5 %
Asahi Group stock opened at $34.61 on Monday. The stock has a 50 day moving average of $37.69 and a 200-day moving average of $38.53. Asahi Group has a 52 week low of $28.10 and a 52 week high of $41.00.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group began coverage on Asahi Group in a research note on Wednesday, October 4th. They set a “conviction-buy” rating for the company.
Asahi Group Company Profile
Asahi Group Holdings, Ltd., together with its subsidiaries, manufactures and sells alcoholic beverages, soft drinks, and food products in Japan, Europe, Oceania, and Southeast Asia. The company offers alcoholic beverage products, including beers, non-alcohol beer, new genre, wines, shochu, whiskey and spirits, ready-to-drink beverages, ciders, and happoshu products.
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