Asahi Intecc Co., Ltd. (OTCMKTS:AHICF) Sees Large Growth in Short Interest

Asahi Intecc Co., Ltd. (OTCMKTS:AHICF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 405,053 shares, an increase of 105.7% from the September 30th total of 196,927 shares. Based on an average daily volume of 4,909 shares, the days-to-cover ratio is currently 82.5 days.

Asahi Intecc Price Performance

AHICF stock opened at $21.41 on Friday. The company has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $20.81. Asahi Intecc has a fifty-two week low of $15.08 and a fifty-two week high of $21.62.

Asahi Intecc Company Profile

Asahi Intecc Co, Ltd. is a Japanese medical device and industrial products manufacturer headquartered in Seto, Aichi Prefecture. The company develops, manufactures and sells minimally invasive medical devices, with a particular focus on products used in catheter-based procedures.

Its medical product portfolio includes guidewires, catheters, introducer sheaths and related components for cardiovascular, peripheral vascular and other interventional applications. Asahi Intecc is known for its fine wire and cable technologies, which support the development of devices designed to provide flexibility, torque control and navigability within the body.

The company also produces specialized wire ropes, cables and other components for industrial and medical-device manufacturers.