Asahi Kasei Corp. (OTCMKTS:AHKSY) Short Interest Down 80.8% in December

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 8,140 shares, a decline of 80.8% from the November 30th total of 42,294 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,449 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 23,449 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Asahi Kasei to a “hold” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Asahi Kasei Trading Down 0.3%

Shares of AHKSY stock opened at $17.60 on Thursday. Asahi Kasei has a fifty-two week low of $12.12 and a fifty-two week high of $18.44. The stock’s fifty day moving average price is $16.61 and its two-hundred day moving average price is $15.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 2.20. The company has a market cap of $12.27 billion, a PE ratio of 12.85 and a beta of 0.44.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). Asahi Kasei had a return on equity of 7.41% and a net margin of 4.64%.The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.12 billion.

Asahi Kasei Company Profile

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.