Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Sees Large Growth in Short Interest

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 4,080 shares, a growth of 407,900.0% from the April 15th total of 1 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 18,865 shares, the days-to-cover ratio is presently 0.2 days.

Asahi Glass Trading Up 0.8%

OTCMKTS ASGLY traded up $0.06 during trading hours on Monday, reaching $7.15. The company’s stock had a trading volume of 23,368 shares, compared to its average volume of 5,463. The firm has a fifty day simple moving average of $7.30 and a 200-day simple moving average of $7.09. The stock has a market cap of $7.77 billion, a P/E ratio of 16.63 and a beta of 0.40. Asahi Glass has a 52 week low of $5.43 and a 52 week high of $8.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.39 and a quick ratio of 0.72.

Asahi Glass (OTCMKTS:ASGLY) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $3.55 billion during the quarter. Asahi Glass had a net margin of 3.34% and a return on equity of 4.16%.

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.