Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Up 194.2% in October

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 50,900 shares, an increase of 194.2% from the September 30th total of 17,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 212,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 212,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Akzo Nobel Stock Down 4.0%

Akzo Nobel stock opened at $22.52 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 225.20, a PEG ratio of 0.99 and a beta of 1.10. The stock has a 50 day moving average of $23.58 and a two-hundred day moving average of $22.67. Akzo Nobel has a twelve month low of $18.07 and a twelve month high of $24.52.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.57 billion. Akzo Nobel had a return on equity of 13.51% and a net margin of 0.53%. As a group, research analysts expect that Akzo Nobel will post 1.52 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.