Asahi Kasei Corp. (OTCMKTS:AHKSY – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 58,125 shares, a growth of 124.3% from the July 15th total of 25,913 shares. Based on an average daily volume of 37,023 shares, the short-interest ratio is currently 1.6 days. Currently, 0.0% of the shares of the stock are sold short.
Asahi Kasei Trading Down 1.5%
Shares of AHKSY opened at $21.32 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.35 and a current ratio of 2.35. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 11.59 and a beta of 0.53. The stock has a fifty day moving average price of $22.17 and a two-hundred day moving average price of $21.33. Asahi Kasei has a 52-week low of $15.17 and a 52-week high of $24.12.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Asahi Kasei has an average rating of “Buy”.
About Asahi Kasei
Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.
Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.
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