Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 57,900 shares, a growth of 1,709.4% from the February 28th total of 3,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 174,300 shares, the days-to-cover ratio is presently 0.3 days.

Akzo Nobel Stock Down 1.5 %

Shares of OTCMKTS AKZOY opened at $20.72 on Friday. The firm’s fifty day moving average is $20.76 and its 200 day moving average is $20.92. Akzo Nobel has a 52 week low of $18.28 and a 52 week high of $25.17. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.67 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. On average, equities research analysts expect that Akzo Nobel will post 1.52 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on AKZOY shares. The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays reiterated an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd.

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.