Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 762,811 shares, a decrease of 74.2% from the April 15th total of 2,957,147 shares. Based on an average trading volume of 1,840 shares, the days-to-cover ratio is currently 414.6 days.
Asahi Group Stock Performance
ASBRF stock remained flat at $9.36 during midday trading on Thursday. The company had a trading volume of 58,677 shares, compared to its average volume of 6,408. Asahi Group has a fifty-two week low of $9.28 and a fifty-two week high of $14.59. The business has a 50 day simple moving average of $9.93 and a 200-day simple moving average of $10.66.
Asahi Group Company Profile
Asahi Group Holdings, Ltd. is a Japan-based beverage and food company best known for its brewing operations, including the flagship Asahi Super Dry beer. The company’s core activities span brewing, soft drinks, distilled spirits and food products. Through its primary operating subsidiaries—Asahi Breweries, Ltd., Asahi Soft Drinks Co, Ltd. and Asahi Food & Healthcare Co, Ltd.—Asahi Group offers a diverse portfolio that includes lagers, craft-style beers, carbonated beverages, juices, ready-to-drink teas and health-oriented food products.
The origins of Asahi Group date back to 1889 when Osaka Beer Co commenced operations in Osaka, Japan.
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