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

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 780 shares, a decline of 98.7% from the July 30th total of 58,125 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 62,002 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research cut Asahi Kasei from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Asahi Kasei Stock Performance

Shares of Asahi Kasei stock traded up $0.02 on Tuesday, reaching $20.49. 61,758 shares of the company were exchanged, compared to its average volume of 38,295. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.35 and a current ratio of 2.35. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 11.14 and a beta of 0.53. Asahi Kasei has a 1-year low of $15.18 and a 1-year high of $24.12. The company’s 50-day moving average is $21.98 and its two-hundred day moving average is $21.39.

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.