Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Short Interest Update

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,096 shares, a decline of 69.4% from the July 15th total of 3,584 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 9,547 shares, the short-interest ratio is presently 0.1 days.

Asahi Glass Stock Performance

OTCMKTS ASGLY opened at $7.22 on Thursday. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 13.13 and a beta of 0.49. Asahi Glass has a twelve month low of $5.87 and a twelve month high of $10.69. The stock has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $7.83. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.26.

Asahi Glass (OTCMKTS:ASGLY) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter. Asahi Glass had a return on equity of 5.26% and a net margin of 4.22%.The firm had revenue of $3.43 billion for the quarter. Sell-side analysts expect that Asahi Glass will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently 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.