Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,423,782 shares, an increase of 217.7% from the April 30th total of 762,811 shares. Based on an average daily volume of 12,232 shares, the days-to-cover ratio is presently 198.2 days.
Asahi Group Price Performance
OTCMKTS ASBRF opened at $9.40 on Friday. The firm has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $10.54. Asahi Group has a one year low of $9.28 and a one year high of $14.59.
About Asahi Group
Asahi Group Holdings, Ltd. is a Japan-based beverage and food company best known for its brewing operations, including the flagship Asahi Super Dry beer. The company’s core activities span brewing, soft drinks, distilled spirits and food products. Through its primary operating subsidiaries—Asahi Breweries, Ltd., Asahi Soft Drinks Co, Ltd. and Asahi Food & Healthcare Co, Ltd.—Asahi Group offers a diverse portfolio that includes lagers, craft-style beers, carbonated beverages, juices, ready-to-drink teas and health-oriented food products.
The origins of Asahi Group date back to 1889 when Osaka Beer Co commenced operations in Osaka, Japan.
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