Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel NV (OTCMKTS:AKZOY) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 35,667 shares, a drop of 14.4% from the January 15th total of 41,678 shares. Based on an average daily volume of 315,507 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 315,507 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Akzo Nobel Trading Up 0.0%

Shares of Akzo Nobel stock opened at $23.99 on Wednesday. The company’s fifty day moving average price is $23.05 and its two-hundred day moving average price is $22.82. The firm has a market capitalization of $12.32 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.52. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a net margin of 6.49% and a return on equity of 14.05%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. On average, analysts expect that Akzo Nobel will post 1.52 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.