Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 11,200 shares, a decline of 80.2% from the October 31st total of 56,700 shares. Based on an average daily trading volume, of 230,600 shares, the days-to-cover ratio is presently 0.0 days.

Akzo Nobel Stock Performance

Shares of OTCMKTS:AKZOY opened at $19.43 on Thursday. The firm’s 50 day simple moving average is $21.71 and its 200 day simple moving average is $21.45. Akzo Nobel has a fifty-two week low of $19.08 and a fifty-two week high of $27.99. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.21 and a quick ratio of 0.89.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.01 billion. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. As a group, sell-side analysts forecast that Akzo Nobel will post 1.45 earnings per share for the current year.

Akzo Nobel Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were paid a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s payout ratio is presently 22.77%.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.