Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Decreases By 80.2%

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 11,200 shares, a decline of 80.2% from the October 31st total of 56,700 shares. Based on an average daily trading volume, of 230,600 shares, the days-to-cover ratio is currently 0.0 days.

Akzo Nobel Stock Up 1.6 %

Akzo Nobel stock opened at $19.43 on Thursday. The company has a 50 day moving average of $21.71 and a 200-day moving average of $21.45. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76. Akzo Nobel has a twelve month low of $19.08 and a twelve month high of $27.99. The stock has a market capitalization of $9.96 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. On average, equities research analysts anticipate that Akzo Nobel will post 1.45 EPS for the current fiscal year.

Akzo Nobel Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were given a $0.1583 dividend. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio is presently 22.77%.

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.