Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,140,735 shares, a drop of 37.8% from the July 15th total of 3,443,323 shares. Based on an average daily trading volume, of 411 shares, the short-interest ratio is currently 5,208.6 days.
Asahi Group Price Performance
Asahi Group stock opened at $10.30 on Tuesday. Asahi Group has a 52 week low of $8.83 and a 52 week high of $13.78. The company’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $10.05.
Asahi Group Company Profile
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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