Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Grows By 165.7%

Assa Abloy AB (OTCMKTS:ASAZY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 194,200 shares, anincreaseof165.7% from the July 15th total of 73,100 shares. Based on an average daily trading volume, of 372,500 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 372,500 shares, the short-interest ratio is currently 0.5 days.

Assa Abloy Price Performance

Shares of ASAZY opened at $17.36 on Monday. Assa Abloy has a 12-month low of $12.76 and a 12-month high of $17.46. The company’s 50-day moving average price is $16.16 and its 200 day moving average price is $15.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 1.10.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings results on Thursday, July 17th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $38.05 billion. Assa Abloy had a return on equity of 14.16% and a net margin of 9.48%. Equities research analysts expect that Assa Abloy will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

ASAZY has been the topic of several research analyst reports. Pareto Securities lowered shares of Assa Abloy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 21st. Citigroup upgraded shares of Assa Abloy from a “sell” rating to a “neutral” rating in a report on Monday, April 28th.

About Assa Abloy

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.