Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) Sees Significant Growth in Short Interest

Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 517,200 shares, an increase of 12.6% from the June 30th total of 459,300 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is presently 166.8 days.

Asahi Group Stock Performance

OTCMKTS ASBRF remained flat at $35.44 on Tuesday. 25 shares of the company’s stock traded hands, compared to its average volume of 9,228. The business’s 50-day moving average price is $35.51 and its 200-day moving average price is $35.78. Asahi Group has a 12-month low of $33.59 and a 12-month high of $38.81.

Asahi Group Company Profile

Asahi Group Holdings, Ltd., together with its subsidiaries, manufactures and sells alcoholic beverages, soft drinks, and food products in Japan, Europe, Oceania, and Southeast Asia. The company offers alcoholic beverage products, including beers, non-alcohol beer, new genre, wines, shochu, whiskey and spirits, ready-to-drink beverages, ciders, and happoshu products.