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

Akzo Nobel (OTCMKTS:AKZOY) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 43,300 shares, a decline of 25.2% from the March 15th total of 57,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 149,300 shares, the days-to-cover ratio is currently 0.3 days.

Akzo Nobel Stock Up 0.3 %

Shares of OTCMKTS:AKZOY opened at $19.50 on Monday. The firm has a market cap of $10.00 billion, a P/E ratio of 20.31, a PEG ratio of 0.67 and a beta of 1.13. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.12. The business’s 50 day simple moving average is $20.63 and its two-hundred day simple moving average is $20.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. As a group, research analysts forecast that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5384 per share. This is a positive change from Akzo Nobel’s previous dividend of $0.16. The ex-dividend date of this dividend is Wednesday, April 30th. Akzo Nobel’s payout ratio is currently 90.63%.

Analyst Upgrades and Downgrades

AKZOY has been the subject of several recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd. The Goldman Sachs Group raised shares of Akzo Nobel from a “sell” rating to a “buy” rating in a research note on Thursday, March 6th.

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.