Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Sees Significant Drop in Short Interest

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 647 shares, a decline of 41.0% from the July 30th total of 1,096 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,508 shares, the days-to-cover ratio is presently 0.0 days.

Asahi Glass Price Performance

ASGLY opened at $7.02 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.41 and a quick ratio of 0.76. Asahi Glass has a 1 year low of $6.05 and a 1 year high of $10.69. The stock’s 50 day simple moving average is $7.71 and its 200 day simple moving average is $7.80. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 12.77 and a beta of 0.49.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Asahi Glass presently has an average rating of “Hold”.

About Asahi Glass

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.