Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,140,735 shares, a drop of 37.8% from the July 15th total of 3,443,323 shares. Based on an average daily volume of 411 shares, the days-to-cover ratio is presently 5,208.6 days.
Asahi Group Stock Performance
OTCMKTS ASBRF opened at $10.30 on Tuesday. The business’s fifty day moving average is $9.86 and its 200-day moving average is $10.05. Asahi Group has a one year low of $8.83 and a one year high of $13.78.
Asahi Group Company Profile
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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