Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel NV (OTCMKTS:AKZOY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 17,300 shares, a drop of 34.0% from the September 15th total of 26,200 shares. Based on an average daily volume of 94,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 94,700 shares, the days-to-cover ratio is currently 0.2 days.

Akzo Nobel Trading Down 1.3%

Shares of AKZOY opened at $23.52 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Akzo Nobel has a 1-year low of $18.07 and a 1-year high of $24.52. The business’s 50-day moving average price is $23.45 and its 200 day moving average price is $22.46. The stock has a market capitalization of $12.08 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.01 and a beta of 1.10.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Tuesday, July 22nd. The basic materials company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). Akzo Nobel had a net margin of 4.08% and a return on equity of 13.63%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Analysts expect that Akzo Nobel will post 1.52 earnings per share for the current year.

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.