Akzo Nobel (OTCMKTS:AKZOY) Sees Significant Increase in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 9,900 shares, an increase of 3,200.0% from the December 15th total of 300 shares. Based on an average trading volume of 467,800 shares, the days-to-cover ratio is currently 0.0 days.

Akzo Nobel Price Performance

Shares of OTCMKTS AKZOY opened at $19.35 on Wednesday. The business has a 50 day simple moving average of $19.90 and a 200-day simple moving average of $20.85. Akzo Nobel has a twelve month low of $18.73 and a twelve month high of $26.14. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 0.72 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.01 billion. As a group, equities research analysts expect that Akzo Nobel will post 1.46 earnings per share for the current year.

Akzo Nobel Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.1583 per share. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) is presently 21.78%.

Akzo Nobel Company Profile

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.