Short Interest in ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) Expands By 31.5%

ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 33,800 shares, a growth of 31.5% from the August 15th total of 25,700 shares. Based on an average daily volume of 58,000 shares, the days-to-cover ratio is currently 0.6 days.

AHKSY traded up $0.05 during trading on Wednesday, reaching $18.13. 72,544 shares of the company’s stock were exchanged, compared to its average volume of 34,787. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $12.64 billion, a PE ratio of 13.04 and a beta of 0.90. The firm has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $15.31. ASAHI KASEI COR/ADR has a one year low of $10.69 and a one year high of $23.98.

ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.39 EPS for the quarter. The business had revenue of $4.23 billion during the quarter. ASAHI KASEI COR/ADR had a return on equity of 9.73% and a net margin of 4.96%. Sell-side analysts expect that ASAHI KASEI COR/ADR will post 1.21 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of ASAHI KASEI COR/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, August 4th. Zacks Investment Research lowered shares of ASAHI KASEI COR/ADR from a “buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group raised shares of ASAHI KASEI COR/ADR from a “hold” rating to a “buy” rating in a report on Monday, August 31st.


Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates in three segments: Material, Homes, and Health Care. It offers cupro fiber, lining fabric, stretch fiber, spunbond nonwoven, cupro nonwoven fabric, microfiber suede, oil-water separator, deodorizing nonwoven, heat-press formable thermoplastic nonwoven, noise suppression sheet, filament, flame-resistant fiber, honeycomb fabric, cellulose nanobead, and elastic electric wire products.

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