Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Short Interest Up 59.1% in December

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,965 shares, an increase of 59.1% from the November 30th total of 3,749 shares. Based on an average daily volume of 3,235 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 3,235 shares, the days-to-cover ratio is currently 1.8 days.

Asahi Glass Price Performance

Shares of ASGLY stock opened at $6.74 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 1.37. Asahi Glass has a one year low of $5.21 and a one year high of $6.99. The company’s fifty day moving average price is $6.65 and its 200-day moving average price is $6.31.

Asahi Glass (OTCMKTS:ASGLY) last issued its earnings results on Friday, November 7th. The company reported $0.16 earnings per share for the quarter. Asahi Glass had a net margin of 2.54% and a return on equity of 3.19%. The company had revenue of $3.50 billion during the quarter.

About Asahi Glass

Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.

Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.