Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Large Decline in Short Interest

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

Asahi Kasei Price Performance

Shares of AHKSY opened at $14.78 on Friday. The stock has a market cap of $10.30 billion, a P/E ratio of 18.71 and a beta of 0.55. Asahi Kasei has a 1 year low of $12.14 and a 1 year high of $15.80. The stock’s 50-day moving average price is $13.71 and its two-hundred day moving average price is $14.02. The company has a current ratio of 1.69, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Asahi Kasei (OTCMKTS:AHKSY) last announced its quarterly earnings results 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%.

About Asahi Kasei

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.