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

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 69,500 shares, an increase of 13.2% from the August 31st total of 61,400 shares. Based on an average daily volume of 169,500 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Akzo Nobel from a “neutral” rating to a “sell” rating in a research note on Monday, July 1st.

Akzo Nobel Price Performance

AKZOY traded up $0.67 during midday trading on Friday, hitting $23.84. The company had a trading volume of 350,703 shares, compared to its average volume of 171,768. Akzo Nobel has a twelve month low of $19.40 and a twelve month high of $27.99. The firm’s 50-day simple moving average is $20.93 and its 200-day simple moving average is $22.03. The company has a market capitalization of $12.22 billion, a PE ratio of 25.36, a P/E/G ratio of 0.73 and a beta of 1.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Akzo Nobel had a net margin of 4.68% and a return on equity of 11.95%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Equities research analysts predict that Akzo Nobel will post 1.48 EPS for the current fiscal year.

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.