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

Asahi Kasei Corp. (OTCMKTS:AHKSY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,046 shares, a growth of 162.3% from the August 15th total of 780 shares. Based on an average trading volume of 82,084 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Asahi Kasei Price Performance

AHKSY stock opened at $20.32 on Monday. Asahi Kasei has a 52-week low of $15.18 and a 52-week high of $24.12. The company has a quick ratio of 1.12, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 11.04 and a beta of 0.53. The business has a fifty day moving average of $21.55 and a two-hundred day moving average of $21.20.

About Asahi Kasei

Asahi Kasei Corporation is a diversified Japanese company founded in 1922 and headquartered in Tokyo. The company operates across the Materials, Homes and Health Care business sectors, serving customers in Japan and international markets.

Its Materials businesses produce products such as performance polymers, synthetic resins, coatings materials, electronic materials, battery separators and other specialty chemicals used in automobiles, electronics, packaging, construction and industrial applications.