Short Interest in Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) Decreases By 47.5%

Asahi Glass Co. Ltd. (OTCMKTS:ASGLY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,584 shares, a decrease of 47.5% from the June 30th total of 6,827 shares. Based on an average daily volume of 8,505 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Asahi Glass Price Performance

Shares of ASGLY stock opened at $7.81 on Wednesday. The stock’s fifty day simple moving average is $8.53 and its 200 day simple moving average is $7.80. Asahi Glass has a one year low of $5.87 and a one year high of $10.69. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 14.74 and a beta of 0.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.41 and a quick ratio of 0.76.

Asahi Glass (OTCMKTS:ASGLY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. Asahi Glass had a net margin of 4.04% and a return on equity of 5.02%. The company had revenue of $3.43 billion during the quarter. Asahi Glass has set its FY 2026 guidance at 0.460-0.460 EPS. On average, analysts expect that Asahi Glass will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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, the company presently has a consensus rating of “Hold”.

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.