Akzo Nobel (OTCMKTS:AKZOY) Sees Significant Decrease in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 300 shares, a decrease of 92.1% from the November 30th total of 3,800 shares. Based on an average trading volume of 263,900 shares, the days-to-cover ratio is presently 0.0 days.

Akzo Nobel Stock Performance

Shares of AKZOY opened at $19.64 on Friday. The stock has a 50-day moving average of $20.45 and a two-hundred day moving average of $20.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 1.21. The stock has a market cap of $10.07 billion, a P/E ratio of 19.44, a P/E/G ratio of 0.72 and a beta of 1.26. Akzo Nobel has a one year low of $19.05 and a one year high of $27.75.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.01 billion. As a group, research analysts predict that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were issued a $0.1583 dividend. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s payout ratio is 21.78%.

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.