Asahi Kasei Corp. (OTCMKTS:AHKSY) Short Interest Down 80.8% in December

Asahi Kasei Corp. (OTCMKTS:AHKSY) saw a large 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 trading volume of 23,449 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,449 shares, the short-interest ratio is presently 0.3 days.

Asahi Kasei Price Performance

Shares of OTCMKTS:AHKSY opened at $17.60 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 2.20. Asahi Kasei has a 52 week low of $12.12 and a 52 week high of $18.44. The firm has a market cap of $12.27 billion, a PE ratio of 12.85 and a beta of 0.44. The firm’s fifty day moving average is $16.61 and its 200-day moving average is $15.55.

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Asahi Kasei to a “hold” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Asahi Kasei presently 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.