Akzo Nobel (OTCMKTS:AKZOY) Sees Significant Decrease in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a drop of 66.6% from the January 31st total of 34,700 shares. Based on an average daily volume of 315,000 shares, the short-interest ratio is currently 0.0 days.

Akzo Nobel Stock Down 0.7 %

Shares of OTCMKTS:AKZOY traded down $0.15 during midday trading on Friday, hitting $20.54. 64,159 shares of the stock were exchanged, compared to its average volume of 160,822. The business’s fifty day simple moving average is $19.95 and its two-hundred day simple moving average is $20.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23. Akzo Nobel has a 52-week low of $18.28 and a 52-week high of $25.42. The company has a market capitalization of $10.53 billion, a PE ratio of 21.40, a P/E/G ratio of 0.67 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “overweight” rating on shares of Akzo Nobel in a 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.