Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 44,000 shares, a drop of 14.1% from the September 30th total of 51,200 shares. Based on an average daily volume of 479,200 shares, the short-interest ratio is presently 0.1 days.
Akzo Nobel Stock Down 0.7 %
Akzo Nobel stock opened at $21.33 on Thursday. The firm has a market capitalization of $10.93 billion, a PE ratio of 22.69, a P/E/G ratio of 0.77 and a beta of 1.30. The firm’s 50-day simple moving average is $22.12 and its 200 day simple moving average is $21.77. Akzo Nobel has a 52 week low of $19.40 and a 52 week high of $27.99.
Akzo Nobel Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, November 7th will be given a $0.1583 dividend. The ex-dividend date is Thursday, November 7th. Akzo Nobel’s dividend payout ratio is presently 95.74%.
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.
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