The short-term stake in Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF) increased by 728.6%

Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Rating) saw a surge in short-term interest in May. As of May 31, there was short interest totaling 1,165,800 shares, an increase of 728.6% from the May 15 total of 140,700 shares. Based on an average daily trading volume of 500 shares, the short-term interest rate ratio is currently 2,331.6 days.

Separately, Goldman Sachs Group downgraded Asahi Group from a “buy conviction” rating to a “buy” rating in a Friday, March 11 research note.

OTCMKTS: ASBRF was steady at $33.33 during Friday trading hours. The company’s fifty-day moving average price is $34.93 and its 200-day moving average price is $37.69. Asahi Group has a one-year low of $32.50 and a one-year high of $49.22.

About Asahi Group (Get an assessment)

Asahi Group Holdings, Ltd., together with its subsidiaries, manufactures and sells alcoholic beverages, non-alcoholic beverages and food products in Japan and overseas. It operates through Alcoholic Beverages, Non-Alcoholic Beverages, Food, Overseas and Others segments. The Company offers alcoholic beverage products, including imported beers, beer-flavoured soft drinks, wines, shochu and whiskey products, ready-to-drink beverages, happoshu products and spirits.

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