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

Asahi Kasei Co. (OTCMKTS:AHKSY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 26,900 shares, an increase of 34.5% from the October 15th total of 20,000 shares. Based on an average daily volume of 64,400 shares, the days-to-cover ratio is presently 0.4 days.

Asahi Kasei Stock Up 0.1 %

OTCMKTS:AHKSY opened at $14.36 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.80. The company’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $13.74. Asahi Kasei has a fifty-two week low of $12.14 and a fifty-two week high of $15.80.

Asahi Kasei (OTCMKTS:AHKSY) last released its quarterly earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. Asahi Kasei had a net margin of 2.47% and a return on equity of 7.65%. The business had revenue of $5.07 billion for the quarter.

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.