Assa Abloy AB (OTCMKTS:ASAZY) Stock Short Interest Jumps 116.0%

Assa Abloy AB (OTCMKTS:ASAZY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 56,607 shares, a growth of 116.0% from the September 15th total of 26,206 shares. Based on an average daily volume of 488,053 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Assa Abloy has a consensus rating of “Moderate Buy”.

Assa Abloy Price Performance

Assa Abloy stock opened at $17.43 on Thursday. The business’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $18.18. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The stock has a market cap of $38.78 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.05 and a beta of 1.15. Assa Abloy has a 12-month low of $16.82 and a 12-month high of $21.98.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. As a group, research analysts anticipate that Assa Abloy will post 0.84 earnings per share for the current year.

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, manage and automate access to buildings, facilities and other environments.

Its product portfolio includes mechanical and electronic locks, access-control systems, identification and security technologies, entrance automation equipment, security doors and related software and services. ASSA ABLOY serves residential, commercial, institutional and industrial customers, as well as hospitality, healthcare and other specialized markets.

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