Asahi Kasei Corp. (OTCMKTS:AHKSY) Sees Significant Growth in Short Interest

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,674 shares, a growth of 79.6% from the August 31st total of 2,046 shares. Based on an average daily volume of 82,511 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Asahi Kasei Stock Up 0.1%

Asahi Kasei stock opened at $20.86 on Wednesday. The company has a market capitalization of $14.54 billion, a P/E ratio of 11.34 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.12 and a current ratio of 2.01. Asahi Kasei has a fifty-two week low of $15.18 and a fifty-two week high of $24.12. The stock has a 50-day simple moving average of $20.96 and a 200-day simple moving average of $21.04.

Asahi Kasei Company Profile

Asahi Kasei Corporation is a diversified Japanese manufacturer serving the material, homes and health care markets. Founded in 1922 and headquartered in Tokyo, the company develops and supplies products ranging from chemicals and performance materials to medical devices and housing-related goods and services.

Its materials operations include petrochemical products, synthetic resins, elastomers, coatings and electronic materials, as well as battery separators and other components used in automobiles, electronics and industrial applications.