Asahi Kasei Co. (OTCMKTS:AHKSY) Short Interest Up 257.1% in May

Asahi Kasei Co. (OTCMKTS:AHKSY - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 7,500 shares, an increase of 257.1% from the May 15th total of 2,100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 68,500 shares, the short-interest ratio is currently 0.1 days.

Asahi Kasei Stock Performance

AHKSY stock traded down $0.17 during midday trading on Thursday, reaching $13.22. 24,920 shares of the company were exchanged, compared to its average volume of 41,691. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 0.99. The business has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $13.72. Asahi Kasei has a one year low of $12.12 and a one year high of $15.80. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 16.73 and a beta of 0.47.

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

Analyst Upgrades and Downgrades

Separately, CLSA cut shares of Asahi Kasei from a "moderate buy" rating to a "hold" rating in a research report on Thursday, June 5th.

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.