Asahi Kasei Corp. (OTCMKTS:AHKSY) Short Interest Up 75.0% in September

Key Points

• Asahi Kasei Corp. experienced a significant increase in short interest, rising by 75% in September, totaling 9,800 shares compared to 5,600 in August.
• The company reported an earnings per share (EPS) of $0.45, exceeding analyst expectations of $0.27 during its last quarterly report, although revenue fell short at $4.96 billion against a forecast of $5.15 billion.
• Asahi Kasei's shares are currently trading at $15.80, with a market capitalization of $11.01 billion and a PE ratio of 13.62.

Asahi Kasei Corp. (OTCMKTS:AHKSY - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 9,800 shares, a growth of 75.0% from the August 31st total of 5,600 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 9,200 shares, the short-interest ratio is currently 1.1 days.

Asahi Kasei Stock Performance

Shares of OTCMKTS:AHKSY opened at $15.80 on Monday. Asahi Kasei has a 1 year low of $12.12 and a 1 year high of $17.28. The firm has a market capitalization of $11.01 billion, a PE ratio of 13.62 and a beta of 0.46. The business's 50 day moving average price is $15.79 and its 200-day moving average price is $14.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.09.

Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.27 by $0.18. Asahi Kasei had a return on equity of 7.48% and a net margin of 3.95%.The firm had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $5.15 billion.

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.

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