Short Interest in Asahi Kasei Co. (OTCMKTS:AHKSY) Drops By 61.1%

Asahi Kasei Co. (OTCMKTS:AHKSY - Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 2,100 shares, a decrease of 61.1% from the April 30th total of 5,400 shares. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Asahi Kasei Trading Up 2.6%

Shares of AHKSY traded up $0.36 during trading hours on Friday, hitting $14.25. The stock had a trading volume of 14,225 shares, compared to its average volume of 43,941. Asahi Kasei has a 12-month low of $12.12 and a 12-month high of $15.80. The firm has a market cap of $9.93 billion, a P/E ratio of 18.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.69. The company's fifty day simple moving average is $13.69 and its 200 day simple moving average is $13.76.

Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.21 by $0.14. Asahi Kasei had a net margin of 2.77% and a return on equity of 7.85%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.21 billion.

About Asahi Kasei

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.