Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Significant Growth in Short Interest

Asahi Kasei Co. (OTCMKTS:AHKSY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 47,400 shares, a growth of 930.4% from the March 31st total of 4,600 shares. Based on an average trading volume of 55,100 shares, the days-to-cover ratio is currently 0.9 days.

Asahi Kasei Stock Performance

Shares of AHKSY opened at $13.65 on Friday. The company’s fifty day moving average price is $14.35 and its 200 day moving average price is $14.03. Asahi Kasei has a one year low of $11.80 and a one year high of $15.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.01. The company has a market capitalization of $9.57 billion, a PE ratio of -12.08 and a beta of 0.66.

Asahi Kasei (OTCMKTS:AHKSY) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.24 earnings per share (EPS) for the quarter. Asahi Kasei had a negative net margin of 4.01% and a positive return on equity of 4.00%. The company had revenue of $4.86 billion for the quarter.

Asahi Kasei Company Profile

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.