Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Declines By 29.0%

Akzo Nobel (OTCMKTS:AKZOY) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 24,200 shares, a drop of 29.0% from the July 31st total of 34,100 shares. Based on an average trading volume of 482,400 shares, the short-interest ratio is currently 0.1 days.

Akzo Nobel Price Performance

Shares of Akzo Nobel stock opened at $21.28 on Friday. The business’s fifty day moving average price is $20.44 and its 200 day moving average price is $22.43. Akzo Nobel has a twelve month low of $19.40 and a twelve month high of $27.99. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $10.90 billion, a P/E ratio of 22.64, a PEG ratio of 0.66 and a beta of 1.29.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. Akzo Nobel had a return on equity of 11.95% and a net margin of 4.68%. As a group, research analysts anticipate that Akzo Nobel will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Akzo Nobel from a “neutral” rating to a “sell” rating in a report on Monday, July 1st.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.