Asahi Kasei Corp. (OTCMKTS:AHKSY) Short Interest Update

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 8,140 shares, a decrease of 80.8% from the November 30th total of 42,294 shares. Based on an average daily trading volume, of 23,449 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 23,449 shares, the short-interest ratio is currently 0.3 days.

Asahi Kasei Trading Down 0.3%

Asahi Kasei stock opened at $17.60 on Friday. Asahi Kasei has a 12-month low of $12.12 and a 12-month high of $18.44. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 12.85 and a beta of 0.44. The firm has a 50 day moving average of $16.64 and a 200 day moving average of $15.56. The company has a current ratio of 2.20, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46.

Asahi Kasei (OTCMKTS:AHKSY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Asahi Kasei had a net margin of 4.64% and a return on equity of 7.41%.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Asahi Kasei to a “hold” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Asahi Kasei

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.