Short Interest in Akzo Nobel NV (OTCMKTS:AKZOY) Decreases By 38.6%

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 28,106 shares, a decrease of 38.6% from the April 15th total of 45,770 shares. Based on an average trading volume of 283,369 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Akzo Nobel Stock Performance

OTCMKTS:AKZOY opened at $18.82 on Monday. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $24.52. The business’s 50-day moving average price is $19.62 and its two-hundred day moving average price is $21.55. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.65 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%.The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. On average, equities analysts expect that Akzo Nobel will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.