Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) Sees Large Decline in Short Interest

Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 555,600 shares, a drop of 50.3% from the May 15th total of 1,117,100 shares. Based on an average trading volume of 600 shares, the short-interest ratio is currently 926.0 days.

Asahi Group Stock Performance

Shares of OTCMKTS ASBRF opened at $12.50 on Monday. Asahi Group has a one year low of $9.59 and a one year high of $14.43. The firm’s 50 day simple moving average is $13.38 and its two-hundred day simple moving average is $11.76.

Asahi Group Company Profile

Asahi Group Holdings, Ltd., together with its subsidiaries, manufactures and sells alcoholic beverages, soft drinks, and food products in Japan, Europe, Oceania, and Southeast Asia. The company offers alcoholic beverage products, including beers, non-alcohol beer, new genre, wines, shochu, whiskey and spirits, ready-to-drink beverages, ciders, and happoshu products.