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

Asahi Kasei Corp. (OTCMKTS:AHKSY) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 13,800 shares, anincreaseof115.6% from the July 15th total of 6,400 shares. Based on an average daily trading volume, of 26,600 shares, the short-interest ratio is currently 0.5 days. Currently,0.0% of the shares of the stock are short sold. Currently,0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,600 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, CLSA downgraded shares of Asahi Kasei from a “moderate buy” rating to a “hold” rating in a research report on Thursday, June 5th.

Asahi Kasei Stock Up 2.2%

OTCMKTS AHKSY opened at $15.50 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46. Asahi Kasei has a 1-year low of $12.12 and a 1-year high of $15.80. The company has a 50 day moving average of $13.97 and a 200-day moving average of $13.80. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 13.36 and a beta of 0.51.

Asahi Kasei (OTCMKTS:AHKSY) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. Asahi Kasei had a net margin of 3.95% and a return on equity of 7.48%. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.15 billion.

About Asahi Kasei

Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.