Asahi Kasei Co. (OTCMKTS:AHKSY) Short Interest Up 48.0% in November

Asahi Kasei Co. (OTCMKTS:AHKSY) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 39,800 shares, a growth of 48.0% from the October 31st total of 26,900 shares. Based on an average trading volume of 57,100 shares, the days-to-cover ratio is currently 0.7 days.

Asahi Kasei Stock Performance

Shares of AHKSY stock traded down $0.11 on Friday, hitting $14.15. 60,687 shares of the stock traded hands, compared to its average volume of 34,429. The company’s fifty day moving average is $14.38 and its 200 day moving average is $13.75. Asahi Kasei has a 1-year low of $12.14 and a 1-year high of $15.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.62.

Asahi Kasei (OTCMKTS:AHKSY) last issued its earnings results on Friday, November 1st. The company reported $0.27 earnings per share for the quarter. The company had revenue of $5.07 billion for the quarter. Asahi Kasei had a net margin of 2.47% and a return on equity of 7.70%.

Asahi Kasei Company Profile

Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.