Short Interest in Asahi Kasei Corp. (OTCMKTS:AHKSY) Drops By 64.8%

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 25,913 shares, a decrease of 64.8% from the June 30th total of 73,700 shares. Based on an average daily volume of 67,252 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research cut Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Asahi Kasei Stock Performance

OTCMKTS AHKSY opened at $22.54 on Monday. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 14.64 and a beta of 0.53. Asahi Kasei has a twelve month low of $13.46 and a twelve month high of $24.12. The company has a quick ratio of 1.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average is $22.26 and its 200 day moving average is $21.06.

About Asahi Kasei

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.