ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Up 593.2% in December

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 51,300 shares, a growth of 593.2% from the November 30th total of 7,400 shares. Based on an average trading volume of 184,000 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

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

ASSA ABLOY AB (publ) Stock Down 0.1 %

ASAZY stock traded down $0.02 during midday trading on Friday, hitting $14.84. The company’s stock had a trading volume of 81,572 shares, compared to its average volume of 116,935. The company’s fifty day moving average price is $15.30 and its 200 day moving average price is $15.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. ASSA ABLOY AB has a twelve month low of $13.18 and a twelve month high of $17.03. The stock has a market capitalization of $33.02 billion, a P/E ratio of 23.94, a PEG ratio of 1.65 and a beta of 1.10.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The company had revenue of $3.59 billion during the quarter. As a group, equities research analysts predict that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were paid a dividend of $0.1297 per share. The ex-dividend date of this dividend was Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 21.21%.

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.