Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 179,400 shares, a growth of 11,860.0% from the April 30th total of 1,500 shares. Based on an average daily trading volume, of 191,500 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Akzo Nobel Price Performance

Shares of AKZOY opened at $22.31 on Thursday. Akzo Nobel has a 12 month low of $18.07 and a 12 month high of $24.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.23 and a quick ratio of 0.87. The stock has a fifty day moving average price of $20.94 and a 200 day moving average price of $20.49. The company has a market cap of $11.44 billion, a P/E ratio of 23.24, a PEG ratio of 0.67 and a beta of 1.08.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, research analysts forecast that Akzo Nobel will post 1.52 earnings per share for the current year.

About Akzo Nobel

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.