Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Grows By 169.4%

Assa Abloy AB (OTCMKTS:ASAZY) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 118,900 shares, a growth of 169.4% from the April 15th total of 44,128 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 429,940 shares, the days-to-cover ratio is presently 0.3 days.

Assa Abloy Stock Down 0.4%

Shares of OTCMKTS ASAZY opened at $18.27 on Friday. The company’s fifty day simple moving average is $18.95 and its 200 day simple moving average is $19.43. Assa Abloy has a 12-month low of $14.81 and a 12-month high of $21.98. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market cap of $40.65 billion, a PE ratio of 24.04, a P/E/G ratio of 2.34 and a beta of 1.20.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.88 billion. As a group, sell-side analysts forecast that Assa Abloy will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASAZY. Barclays upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of Assa Abloy in a report on Friday, February 6th. Zacks Research lowered shares of Assa Abloy from a “hold” rating to a “strong sell” rating in a report on Tuesday. Pareto Securities raised shares of Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Evercore raised shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.