Akzo Nobel (OTCMKTS:AKZOY) Short Interest Down 66.6% in February

Akzo Nobel (OTCMKTS:AKZOY) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a decline of 66.6% from the January 31st total of 34,700 shares. Based on an average daily volume of 315,000 shares, the days-to-cover ratio is presently 0.0 days.

Akzo Nobel Stock Performance

AKZOY stock opened at $20.54 on Friday. The firm has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $20.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23. Akzo Nobel has a one year low of $18.28 and a one year high of $25.42. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 0.67 and a beta of 1.23.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. On average, equities analysts forecast that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating on shares of Akzo Nobel in a research note on Monday, February 3rd.

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.