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

Akzo Nobel NV (OTCMKTS:AKZOY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 14,812 shares, a decline of 92.7% from the September 15th total of 201,937 shares. Based on an average daily trading volume, of 291,171 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Akzo Nobel Stock Down 0.3%

Shares of Akzo Nobel stock traded down $0.06 on Friday, hitting $21.55. The company had a trading volume of 147,019 shares, compared to its average volume of 175,362. The stock has a 50-day moving average of $22.82 and a 200-day moving average of $21.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.88 and a quick ratio of 1.49. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99. The firm has a market capitalization of $11.07 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.77 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. Research analysts predict that Akzo Nobel will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

AKZOY has been the topic of several research analyst reports. Oddo Bhf raised Akzo Nobel from a “neutral” rating to an “outperform” rating in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Akzo Nobel currently has a consensus rating of “Hold”.

About Akzo Nobel

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company serving customers in the construction, automotive, aerospace, marine, consumer goods, and industrial markets. Its products are used to protect, decorate, and improve the performance of buildings, vehicles, equipment, and manufactured products.

The company offers decorative paints, protective coatings, powder coatings, wood finishes, and specialty coatings. Its portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon, Sadolin, and Hammerite.