Akzo Nobel NV (OTCMKTS:AKZOY) Sees Large Increase in Short Interest

by · The Cerbat Gem

Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 49,095 shares, an increase of 108.0% from the July 15th total of 23,600 shares. Based on an average daily volume of 141,789 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Akzo Nobel Stock Performance

Shares of AKZOY stock opened at $24.08 on Friday. The firm’s 50 day moving average is $22.74 and its 200 day moving average is $21.69. The stock has a market capitalization of $12.37 billion, a P/E ratio of 16.84, a PEG ratio of 1.94 and a beta of 1.17. Akzo Nobel has a 12 month low of $18.04 and a 12 month high of $25.99. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.96 billion. On average, sell-side analysts anticipate that Akzo Nobel will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

AKZOY has been the subject of a number of recent research reports. Citigroup started coverage on Akzo Nobel in a research report on Friday, June 5th. They issued a “buy” rating for the company. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Read 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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