Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Short Interest Up 59.1% in December

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,965 shares, an increase of 59.1% from the November 30th total of 3,749 shares. Based on an average trading volume of 3,235 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 3,235 shares, the days-to-cover ratio is presently 1.8 days.

Asahi Glass Price Performance

Shares of OTCMKTS:ASGLY opened at $6.74 on Friday. The stock’s 50-day simple moving average is $6.65 and its two-hundred day simple moving average is $6.31. Asahi Glass has a 52-week low of $5.21 and a 52-week high of $6.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.37 and a quick ratio of 0.72.

Asahi Glass (OTCMKTS:ASGLY) last announced its earnings results on Friday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter. Asahi Glass had a net margin of 2.54% and a return on equity of 3.19%. The company had revenue of $3.50 billion during the quarter.

Asahi Glass Company Profile

Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.

Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.