Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Decreases By 27.1%

Assa Abloy AB (OTCMKTS:ASAZY) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 57,400 shares, a decrease of 27.1% from the August 31st total of 78,700 shares. Based on an average daily volume of 244,800 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 244,800 shares, the short-interest ratio is currently 0.2 days.

Assa Abloy Stock Down 0.6%

Shares of ASAZY stock opened at $17.55 on Wednesday. Assa Abloy has a 12-month low of $12.76 and a 12-month high of $18.39. The firm has a 50-day moving average price of $17.44 and a 200 day moving average price of $16.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.10 and a quick ratio of 0.68.

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

Wall Street Analyst Weigh In

ASAZY has been the subject of several research analyst reports. Citigroup restated a “neutral” rating on shares of Assa Abloy in a research report on Thursday, September 25th. Barclays upgraded shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.