Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Significant Decrease in Short Interest

Asahi Kasei Co. (OTCMKTS:AHKSY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 93.4% from the February 28th total of 45,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is presently 0.1 days.

Asahi Kasei Stock Performance

OTCMKTS:AHKSY traded down $0.15 during midday trading on Wednesday, hitting $14.65. The company’s stock had a trading volume of 16,570 shares, compared to its average volume of 44,214. The firm’s 50 day moving average is $13.65 and its 200-day moving average is $14.01. The firm has a market cap of $10.21 billion, a P/E ratio of 18.54 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 0.99. Asahi Kasei has a fifty-two week low of $12.14 and a fifty-two week high of $15.80.

Asahi Kasei (OTCMKTS:AHKSY) last issued its quarterly earnings data 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.