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

by · The Cerbat Gem

Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 11,284 shares, a decrease of 59.9% from the April 30th total of 28,106 shares. Based on an average daily trading volume, of 285,694 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Akzo Nobel Stock Up 1.0%

Shares of OTCMKTS AKZOY opened at $25.61 on Tuesday. Akzo Nobel has a one year low of $18.04 and a one year high of $25.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. The business’s fifty day moving average price is $20.04 and its 200-day moving average price is $21.51. The stock has a market capitalization of $13.16 billion, a PE ratio of 18.29, a P/E/G ratio of 2.23 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.96% and a net margin of 6.44%. On average, equities research analysts anticipate that Akzo Nobel will post 1.46 EPS for the current year.

Analyst Ratings Changes

AKZOY has been the subject of several recent research reports. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. The Goldman Sachs Group cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Akzo Nobel has an average rating of “Hold”.

Get Our Latest Stock Report on AKZOY

Akzo Nobel Company Profile

(Get Free Report)

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.

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