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

Asahi Kasei Co. (OTCMKTS:AHKSY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 21,500 shares, an increase of 1,333.3% from the December 15th total of 1,500 shares. Based on an average daily volume of 89,300 shares, the days-to-cover ratio is presently 0.2 days.

Asahi Kasei Stock Up 0.1 %

OTCMKTS AHKSY opened at $13.36 on Tuesday. Asahi Kasei has a twelve month low of $12.14 and a twelve month high of $15.80. The stock has a market cap of $9.31 billion, a PE ratio of 19.09 and a beta of 0.65. The firm has a 50-day simple moving average of $14.07 and a 200 day simple moving average of $13.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.62.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.27 EPS for the quarter. The company had revenue of $5.07 billion during the quarter. Asahi Kasei had a return on equity of 7.70% and a net margin of 2.47%.

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.