Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 57,900 shares, a growth of 1,709.4% from the February 28th total of 3,200 shares. Based on an average daily volume of 174,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd. The Goldman Sachs Group upgraded shares of Akzo Nobel from a “sell” rating to a “buy” rating in a report on Thursday, March 6th.

Akzo Nobel Trading Down 2.5 %

Akzo Nobel stock traded down $0.55 during midday trading on Wednesday, reaching $21.04. 51,171 shares of the stock traded hands, compared to its average volume of 135,624. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The firm has a market cap of $10.79 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a 50-day simple moving average of $20.73 and a two-hundred day simple moving average of $20.92. Akzo Nobel has a 12-month low of $18.28 and a 12-month high of $25.42.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. Research analysts expect that Akzo Nobel will post 1.52 earnings per share 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.