Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel NV (OTCMKTS:AKZOY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 49,095 shares, a growth of 108.0% from the July 15th total of 23,600 shares. Based on an average daily trading volume, of 141,789 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Akzo Nobel Price Performance

Shares of AKZOY opened at $24.08 on Monday. The company has a market cap of $12.37 billion, a P/E ratio of 16.84, a PEG ratio of 1.94 and a beta of 1.17. Akzo Nobel has a fifty-two week low of $18.04 and a fifty-two week high of $25.99. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average price is $22.74 and its 200 day moving average price is $21.67.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.96 billion. On average, research analysts forecast that Akzo Nobel will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. Citigroup assumed coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating on the stock. Finally, Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Akzo Nobel Company Profile

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.