Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Drops By 66.6%

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a drop of 66.6% from the January 31st total of 34,700 shares. Based on an average daily trading volume, of 315,000 shares, the short-interest ratio is currently 0.0 days.

Akzo Nobel Stock Down 1.3 %

AKZOY stock opened at $20.69 on Friday. Akzo Nobel has a 52 week low of $18.28 and a 52 week high of $25.42. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $19.92 and a 200-day simple moving average of $20.77. The stock has a market capitalization of $10.61 billion, a P/E ratio of 21.55, a P/E/G ratio of 0.67 and a beta of 1.23.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. Equities analysts forecast that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “overweight” rating on shares of Akzo Nobel in a report on Monday, February 3rd.

Akzo Nobel Company Profile

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.