Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Drops By 52.2%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 29,800 shares, a decrease of 52.2% from the August 15th total of 62,300 shares. Based on an average daily trading volume, of 179,200 shares, the short-interest ratio is currently 0.2 days.

ASSA ABLOY AB (publ) Stock Up 1.7 %

ASAZY stock opened at $15.75 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The company’s 50 day simple moving average is $14.95 and its 200-day simple moving average is $14.53. ASSA ABLOY AB has a 12 month low of $10.17 and a 12 month high of $16.27. The firm has a market capitalization of $35.05 billion, a PE ratio of 25.40, a P/E/G ratio of 1.65 and a beta of 1.11.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last posted its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The firm had revenue of $3.55 billion during the quarter. Equities analysts expect that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a research report on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.