Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Sees Large Growth in Short Interest

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 4,080 shares, a growth of 407,900.0% from the April 15th total of 1 shares. Based on an average daily volume of 18,865 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Asahi Glass Price Performance

ASGLY traded up $0.06 on Monday, hitting $7.15. 23,368 shares of the stock were exchanged, compared to its average volume of 5,463. Asahi Glass has a 12 month low of $5.43 and a 12 month high of $8.82. The business has a 50-day moving average of $7.30 and a two-hundred day moving average of $7.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.39 and a quick ratio of 0.72. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 16.63 and a beta of 0.40.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.18 earnings per share for the quarter. Asahi Glass had a net margin of 3.34% and a return on equity of 4.16%. The business had revenue of $3.55 billion during the quarter.

About Asahi Glass

Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.

Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.