Asahi Kasei Co. (OTCMKTS:AHKSY) Short Interest Up 1,333.3% in December

Asahi Kasei Co. (OTCMKTS:AHKSY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 21,500 shares, an increase of 1,333.3% from the December 15th total of 1,500 shares. Based on an average daily trading volume, of 89,300 shares, the short-interest ratio is currently 0.2 days.

Asahi Kasei Price Performance

OTCMKTS:AHKSY traded down $0.27 during mid-day trading on Monday, reaching $13.35. 52,216 shares of the company were exchanged, compared to its average volume of 70,086. The company has a quick ratio of 0.92, a current ratio of 1.62 and a debt-to-equity ratio of 0.41. The stock has a market cap of $9.30 billion, a PE ratio of 19.07 and a beta of 0.65. Asahi Kasei has a 12 month low of $12.14 and a 12 month high of $15.80. The company has a fifty day moving average of $14.10 and a 200 day moving average of $13.95.

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

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.