Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Short Interest Up 154.1% in June

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,220 shares, a growth of 154.1% from the May 31st total of 2,841 shares. Based on an average daily volume of 17,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Asahi Glass to a “hold” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Asahi Glass presently has a consensus rating of “Hold”.

Asahi Glass Stock Performance

Asahi Glass stock opened at $8.63 on Tuesday. Asahi Glass has a 52-week low of $5.51 and a 52-week high of $10.69. 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 stock has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $7.61. The firm has a market capitalization of $9.38 billion, a P/E ratio of 16.28 and a beta of 0.47.

Asahi Glass (OTCMKTS:ASGLY) last posted its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $3.43 billion for the quarter. Asahi Glass had a net margin of 4.04% and a return on equity of 5.02%. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. As a group, analysts anticipate that Asahi Glass will post 0.46 EPS for the current fiscal year.

About Asahi Glass

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.