Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Large Decline in Short Interest

Asahi Kasei Co. (OTCMKTS:AHKSY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 93.4% from the February 28th total of 45,200 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 57,000 shares, the days-to-cover ratio is currently 0.1 days.

Asahi Kasei Stock Performance

Shares of AHKSY stock opened at $14.65 on Thursday. The company’s fifty day moving average price is $13.68 and its 200-day moving average price is $14.02. The stock has a market cap of $10.21 billion, a PE ratio of 18.54 and a beta of 0.55. The company has a current ratio of 1.69, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Asahi Kasei has a 12 month low of $12.14 and a 12 month high of $15.80.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.29 EPS for the quarter. Asahi Kasei had a net margin of 2.77% and a return on equity of 7.85%.

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.