Short Interest in Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) Drops By 35.5%

Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Rating) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 216,200 shares, a drop of 35.5% from the April 30th total of 335,000 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 360.3 days.

Analyst Ratings Changes

Separately, Daiwa Capital Markets upgraded Asahi Group from a “neutral” rating to an “outperform” rating in a report on Friday, February 24th.

Asahi Group Price Performance

OTCMKTS ASBRF remained flat at $38.85 during trading hours on Friday. Asahi Group has a 52-week low of $28.10 and a 52-week high of $40.71. The business’s 50 day moving average is $37.90 and its two-hundred day moving average is $33.91.

About Asahi Group

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Asahi Group Holdings Ltd. engages in the manufacture and sale of food and beverages. It operates through the following segments: Alcoholic Beverages, Soft Drinks, Food, Overseas, and Others. The Alcoholic Beverages segment sells beer-type beverages, shochu (Japanese distilled beverage), RTD (ready-to-drink) low-alcohol beverages, whisky and spirits, and wines.