Short Interest in Asahi Kasei Co. (OTCMKTS:AHKSY) Drops By 68.8%

Asahi Kasei Co. (OTCMKTS:AHKSYGet Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,500 shares, a decline of 68.8% from the September 15th total of 14,400 shares. Based on an average trading volume of 24,500 shares, the short-interest ratio is presently 0.2 days.

Asahi Kasei Stock Down 0.3 %

OTCMKTS AHKSY traded down $0.04 during trading hours on Thursday, reaching $14.51. 49,276 shares of the company’s stock were exchanged, compared to its average volume of 46,904. The company’s 50-day moving average is $14.17 and its two-hundred day moving average is $13.77. Asahi Kasei has a one year low of $11.86 and a one year high of $15.80. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 32.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.80.

Asahi Kasei (OTCMKTS:AHKSYGet Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter. Asahi Kasei had a net margin of 2.36% and a return on equity of 7.00%. The company had revenue of $4.72 billion for the quarter.

Asahi Kasei Company Profile

(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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