Asahi Kasei Corp. (OTCMKTS:AHKSY) Short Interest Up 75.0% in September

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,800 shares, an increase of 75.0% from the August 31st total of 5,600 shares. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is presently 1.1 days.

Asahi Kasei Price Performance

Shares of AHKSY stock opened at $15.86 on Wednesday. The firm has a market cap of $11.05 billion, a P/E ratio of 13.67 and a beta of 0.46. Asahi Kasei has a fifty-two week low of $12.12 and a fifty-two week high of $17.28. The business’s 50 day moving average price is $15.87 and its 200-day moving average price is $14.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 1.83.

Asahi Kasei (OTCMKTS:AHKSY) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. Asahi Kasei had a return on equity of 7.48% and a net margin of 3.95%.The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.15 billion.

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.