ASICS Co. (OTCMKTS:ASCCF) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 920,400 shares, an increase of 154.1% from the September 15th total of 362,200 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 9,204.0 days.
Separately, The Goldman Sachs Group upgraded shares of ASICS from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, September 7th.
ASCCF remained flat at $$24.10 during trading on Thursday. ASICS has a 1 year low of $12.80 and a 1 year high of $25.20. The company’s 50 day moving average is $23.53 and its 200 day moving average is $21.48.
Asics Corp. engages in the manufacture and sale of sports goods. It offers sports wear, sports shoes, and sports equipment. It operates through the following segments: Japan, America Area, Europe Area, Oceania Area, South East Area & South Asia Area, East Asia Area, and Others. The area segments are involved in the manufacture and sale of sporting goods.
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