Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 21,400 shares, an increase of 193.2% from the March 31st total of 7,300 shares. Based on an average daily trading volume, of 833,900 shares, the days-to-cover ratio is currently 0.0 days.

Akzo Nobel Stock Performance

Shares of AKZOY opened at $21.90 on Friday. The stock has a 50-day moving average of $24.07 and a two-hundred day moving average of $24.70. Akzo Nobel has a one year low of $21.47 and a one year high of $29.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06. The stock has a market cap of $11.22 billion, a P/E ratio of 23.30, a P/E/G ratio of 0.74 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 EPS for the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. The company had revenue of $2.88 billion during the quarter. As a group, research analysts predict that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.4498 per share. The ex-dividend date is Monday, April 29th. This is a boost from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s payout ratio is currently 24.47%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “neutral” rating in a research note on Thursday.

Akzo Nobel Company Profile

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.