Short Interest in Asahi Kasei Co. (OTCMKTS:AHKSY) Grows By 173.3%

Asahi Kasei Co. (OTCMKTS:AHKSY) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 8,200 shares, an increase of 173.3% from the March 15th total of 3,000 shares. Based on an average daily volume of 25,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Asahi Kasei Stock Performance

Shares of AHKSY stock opened at $13.42 on Tuesday. The company’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $13.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.69. Asahi Kasei has a 52 week low of $12.12 and a 52 week high of $15.80. The company has a market capitalization of $9.35 billion, a P/E ratio of 16.99 and a beta of 0.47.

Asahi Kasei (OTCMKTS:AHKSY) last announced its earnings results on Wednesday, February 5th. The company reported $0.29 earnings per share for the quarter. Asahi Kasei had a net margin of 2.77% and a return on equity of 7.85%.

Asahi Kasei Company Profile

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.