ASICS Co. (OTCMKTS:ASCCF) Sees Large Increase in Short Interest

ASICS Co. (OTCMKTS:ASCCF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 920,400 shares, an increase of 154.1% from the September 15th total of 362,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 9,204.0 days.

Shares of OTCMKTS:ASCCF remained flat at $$24.10 during trading on Thursday. ASICS has a 1 year low of $12.80 and a 1 year high of $25.20. The stock’s 50-day moving average price is $23.53 and its 200-day moving average price is $21.48.

Separately, The Goldman Sachs Group upgraded ASICS from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, September 7th.

About ASICS

Asics Corp. engages in the manufacture and sale of sports goods. It offers sports wear, sports shoes, and sports equipment. It operates through the following segments: Japan, America Area, Europe Area, Oceania Area, South East Area & South Asia Area, East Asia Area, and Others. The area segments are involved in the manufacture and sale of sporting goods.

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