Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Decreases By 45.2%

Assa Abloy AB (OTCMKTS:ASAZY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 54,544 shares, a drop of 45.2% from the August 15th total of 99,571 shares. Based on an average trading volume of 244,201 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Assa Abloy Price Performance

Shares of OTCMKTS ASAZY opened at $17.51 on Wednesday. Assa Abloy has a 12 month low of $16.71 and a 12 month high of $21.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. The firm’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $18.38. The stock has a market capitalization of $38.96 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.04 and a beta of 1.16.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Analysts expect that Assa Abloy will post 0.84 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank Of Canada assumed coverage on Assa Abloy in a research note on Tuesday, June 16th. They issued an “outperform” rating on the stock. Zacks Research upgraded Assa Abloy from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Barclays reaffirmed an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and technologies designed to secure, control and automate entry to buildings, facilities and other protected spaces.

Its offerings include mechanical and electromechanical locks, digital and mobile access systems, identification and security technologies, door hardware, entrance automation and security doors. Assa Abloy serves residential, commercial, institutional, hospitality, healthcare and industrial customers through a portfolio of regional and international brands, including ASSA, ABLOY, Yale and HID.

The company was formed in 1994 through the merger of Swedish lock manufacturer ASSA AB and Finnish lock manufacturer Abloy Oy.