ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Up 593.2% in December

by · The Markets Daily

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 51,300 shares, an increase of 593.2% from the November 30th total of 7,400 shares. Based on an average daily trading volume, of 184,000 shares, the days-to-cover ratio is currently 0.3 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of ASAZY traded up $0.07 on Thursday, reaching $14.77. The company’s stock had a trading volume of 102,959 shares, compared to its average volume of 117,032. The stock’s 50 day simple moving average is $15.35 and its two-hundred day simple moving average is $15.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The stock has a market capitalization of $32.87 billion, a P/E ratio of 23.82, a PEG ratio of 1.65 and a beta of 1.10. ASSA ABLOY AB has a 12-month low of $13.18 and a 12-month high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Research analysts forecast that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.1297 per share. The ex-dividend date of this dividend was Friday, November 8th. ASSA ABLOY AB (publ)’s payout ratio is currently 21.21%.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of ASSA ABLOY AB (publ) to a “strong sell” rating in a report on Thursday, September 5th.

Check Out Our Latest Stock Report on ASAZY

About ASSA ABLOY AB (publ)

(Get Free Report)

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.

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