Asahi Kasei Corp. (OTCMKTS:AHKSY) Stock Short Interest Report for September

Asahi Kasei Corp. (OTCMKTS:AHKSY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 28,648 shares, an increase of 679.7% from the September 15th total of 3,674 shares. Based on an average trading volume of 48,363 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Asahi Kasei from a “buy” rating to a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Asahi Kasei Stock Performance

Shares of OTCMKTS:AHKSY opened at $20.06 on Monday. The business has a 50-day moving average of $20.69 and a two-hundred day moving average of $21.09. The firm has a market capitalization of $13.98 billion, a PE ratio of 10.90 and a beta of 0.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 1.12. Asahi Kasei has a 12 month low of $15.18 and a 12 month high of $24.12.

About Asahi Kasei

Asahi Kasei Corporation is a diversified Japanese manufacturer serving the material, homes and health care markets. Founded in 1922 and headquartered in Tokyo, the company develops and supplies products ranging from chemicals and performance materials to medical devices and housing-related goods and services.

Its materials operations include petrochemical products, synthetic resins, elastomers, coatings and electronic materials, as well as battery separators and other components used in automobiles, electronics and industrial applications.