Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Up 343.7% in May

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 50,070 shares, a growth of 343.7% from the May 14th total of 11,284 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 228,409 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

AKZOY has been the subject of a number of research analyst reports. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

Shares of Akzo Nobel stock opened at $22.22 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.95 and a beta of 1.16. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $25.99. The firm’s 50-day moving average price is $20.67 and its two-hundred day moving average price is $21.56.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. On average, equities analysts predict that Akzo Nobel will post 1.45 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.