Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,201,070 shares, a drop of 50.4% from the May 14th total of 2,423,782 shares. Based on an average daily volume of 91 shares, the short-interest ratio is currently 13,198.6 days.
Asahi Group Price Performance
ASBRF opened at $9.75 on Monday. The company has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $10.38. Asahi Group has a twelve month low of $8.83 and a twelve month high of $14.59.
About Asahi Group
Asahi Group Holdings, Ltd. is a Japan-based beverage and food company best known for its brewing operations, including the flagship Asahi Super Dry beer. The company’s core activities span brewing, soft drinks, distilled spirits and food products. Through its primary operating subsidiaries—Asahi Breweries, Ltd., Asahi Soft Drinks Co, Ltd. and Asahi Food & Healthcare Co, Ltd.—Asahi Group offers a diverse portfolio that includes lagers, craft-style beers, carbonated beverages, juices, ready-to-drink teas and health-oriented food products.
The origins of Asahi Group date back to 1889 when Osaka Beer Co commenced operations in Osaka, Japan.
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