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

Asahi Kasei Co. (OTCMKTS:AHKSYGet Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 7,500 shares, an increase of 257.1% from the May 15th total of 2,100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 68,500 shares, the short-interest ratio is currently 0.1 days.

Asahi Kasei Price Performance

Shares of Asahi Kasei stock opened at $13.27 on Friday. The firm has a market cap of $9.25 billion, a PE ratio of 16.80 and a beta of 0.47. Asahi Kasei has a 12-month low of $12.12 and a 12-month high of $15.80. The company has a quick ratio of 0.99, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $13.64 and its two-hundred day simple moving average is $13.72.

Asahi Kasei (OTCMKTS:AHKSYGet Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.21 billion. Asahi Kasei had a net margin of 2.77% and a return on equity of 7.85%.

Wall Street Analysts Forecast Growth

Separately, CLSA lowered shares of Asahi Kasei from a “moderate buy” rating to a “hold” rating in a report on Thursday, June 5th.

View Our Latest Analysis on Asahi Kasei

About Asahi Kasei

(Get Free Report)

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.

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