Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) Sees Large Decline in Short Interest

Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,830,000 shares, adropof46.4% from the July 15th total of 3,413,600 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 381.3 days. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 381.3 days.

Asahi Group Stock Down 0.5%

Shares of OTCMKTS ASBRF opened at $12.68 on Monday. The stock has a fifty day moving average price of $12.81 and a 200 day moving average price of $12.52. Asahi Group has a 1-year low of $9.59 and a 1-year high of $14.59.

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.