Short Interest in Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Decreases By 41.0%
by Danessa Lincoln · The Markets DailyAsahi Glass Co. Ltd. (OTCMKTS:ASGLY – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 647 shares, a drop of 41.0% from the July 30th total of 1,096 shares. Based on an average daily volume of 14,508 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Asahi Glass to a “hold” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Read Our Latest Analysis on ASGLY
Asahi Glass Stock Up 2.1%
OTCMKTS ASGLY opened at $7.17 on Wednesday. Asahi Glass has a 1 year low of $6.05 and a 1 year high of $10.69. The stock has a market capitalization of $7.80 billion, a PE ratio of 13.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.41 and a quick ratio of 0.76. The business’s 50-day moving average is $7.68 and its 200 day moving average is $7.80.
Asahi Glass Company Profile
Asahi Glass Co, Ltd., operating under the global brand AGC Inc, is a leading manufacturer of glass, chemicals and high‐performance materials. The company’s core business includes architectural and automotive glass, display glass for liquid crystal displays and semiconductor fabrication equipment, as well as fluorochemicals, ceramics and specialty materials. Through these diverse product lines, Asahi Glass serves markets ranging from construction and automotive to electronics and chemical processing.
Founded in 1907 as Japan’s first sheet glass producer, Asahi Glass has grown into a multinational enterprise with operations spanning Asia, Europe, North America and beyond.