Short Interest in Asahi Kasei Co. (OTCMKTS:AHKSY) Rises By 48.0%

Asahi Kasei Co. (OTCMKTS:AHKSY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 39,800 shares, a growth of 48.0% from the October 31st total of 26,900 shares. Based on an average daily volume of 57,100 shares, the days-to-cover ratio is presently 0.7 days.

Asahi Kasei Price Performance

AHKSY stock traded down $0.11 during mid-day trading on Friday, reaching $14.15. 60,687 shares of the company’s stock were exchanged, compared to its average volume of 34,429. The stock’s 50 day moving average is $14.38 and its 200 day moving average is $13.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.62. Asahi Kasei has a 12-month low of $12.14 and a 12-month high of $15.80.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $5.07 billion for the quarter. Asahi Kasei had a net margin of 2.47% and a return on equity of 7.70%.

About Asahi Kasei

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.