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

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 20,089 shares, a decline of 48.9% from the February 12th total of 39,335 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 250,437 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 250,437 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several analysts have recently commented on AKZOY shares. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Sanford C. Bernstein cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, UBS Group upgraded Akzo Nobel to a “hold” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Akzo Nobel Trading Down 2.2%

Shares of AKZOY stock opened at $19.50 on Friday. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.34 and a beta of 1.07. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $22.80 and a 200 day moving average price of $22.80. Akzo Nobel has a twelve month low of $18.07 and a twelve month high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Research analysts forecast that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.