Akzo Nobel NV (OTCMKTS:AKZOY) Sees Significant Growth in Short Interest

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 51,032 shares, a growth of 363.7% from the November 30th total of 11,005 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 246,653 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 246,653 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Akzo Nobel Price Performance

Shares of OTCMKTS AKZOY opened at $22.89 on Thursday. Akzo Nobel has a fifty-two week low of $18.07 and a fifty-two week high of $24.52. The company has a market cap of $11.76 billion, a PE ratio of 228.90, a P/E/G ratio of 1.06 and a beta of 1.10. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.25. The business has a 50-day simple moving average of $22.14 and a two-hundred day simple moving average of $22.72.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.57 billion. As a group, equities analysts expect that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Analyst Ratings Changes

AKZOY has been the subject of a number of analyst reports. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Akzo Nobel presently has an average rating of “Moderate Buy”.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.