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

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 20,089 shares, a drop of 48.9% from the February 12th total of 39,335 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 250,437 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 250,437 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

AKZOY has been the subject of several recent research reports. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Zacks Research downgraded shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Akzo Nobel Price Performance

AKZOY stock opened at $19.94 on Friday. The stock’s 50 day moving average is $22.88 and its two-hundred day moving average is $22.83. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.52. The company has a market capitalization of $10.24 billion, a PE ratio of 14.14, a P/E/G ratio of 1.35 and a beta of 1.07. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. Analysts predict that Akzo Nobel will post 1.52 earnings per share for the current fiscal 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.