Short Interest in Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Rises By 7,200.0%

Key Points

• Asahi Glass Co. Ltd. experienced a dramatic increase in short interest, climbing by 7,200.0% from 100 shares to 7,300 shares between August 15th and August 31st.
• The company's stock is currently down 2.1%, trading at $6.55, with a market capitalization of $7.12 billion.
• Asahi Glass reported $0.05 EPS and $3.43 billion in revenue for the last quarter, highlighting a return on equity of 2.12% and a net margin of 1.67%.

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 7,300 shares, a growth of 7,200.0% from the August 15th total of 100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.0% of the company's shares are short sold.

Asahi Glass Trading Up 3.8%

Shares of ASGLY stock traded up $0.25 on Tuesday, reaching $6.65. The company had a trading volume of 1,465 shares, compared to its average volume of 3,009. The company has a current ratio of 1.33, a quick ratio of 0.70 and a debt-to-equity ratio of 0.25. The stock has a market cap of $7.23 billion, a PE ratio of 30.23 and a beta of 0.39. The company has a 50-day moving average of $6.13 and a 200-day moving average of $5.96. Asahi Glass has a 12 month low of $5.21 and a 12 month high of $6.80.

Asahi Glass (OTCMKTS:ASGLY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter. The company had revenue of $3.43 billion during the quarter. Asahi Glass had a return on equity of 2.12% and a net margin of 1.67%.

Asahi Glass Company Profile

AGC Inc manufactures and sells glass, automotive, electronics, chemicals, and ceramics worldwide. The company offers architectural glass products, including laminated, insulating, wired, solar control, toughened, decorative, sound insulation, float and patterned, and industrial glasses; structural glazing systems; and automotive glass, such as laminated, tempered, and privacy glasses, as well as integrated glass antennas and module assembly windows.