Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Rises By 22.1%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 63,100 shares, an increase of 22.1% from the September 15th total of 51,700 shares. Based on an average daily trading volume, of 143,000 shares, the days-to-cover ratio is presently 0.4 days.

ASSA ABLOY AB (publ) Stock Down 0.5 %

ASSA ABLOY AB (publ) stock opened at $16.10 on Wednesday. The stock has a market cap of $35.82 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. ASSA ABLOY AB has a twelve month low of $10.17 and a twelve month high of $17.03. The company’s 50-day moving average price is $15.82 and its two-hundred day moving average price is $14.83.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its earnings results on Wednesday, July 17th. The industrial products company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The business had revenue of $3.55 billion for the quarter. As a group, analysts expect that ASSA ABLOY AB will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of ASSA ABLOY AB (publ) to a “strong sell” rating in a research report on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.