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

Akzo Nobel NV (OTCMKTS:AKZOY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 41,678 shares, a decline of 70.1% from the December 31st total of 139,238 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 447,721 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 447,721 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

AKZOY has been the subject of several analyst reports. Sanford C. Bernstein lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank upgraded Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Akzo Nobel Price Performance

Akzo Nobel stock opened at $23.36 on Wednesday. The stock’s 50 day moving average price is $22.34 and its two-hundred day moving average price is $22.72. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 233.60, a PEG ratio of 0.96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.25. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.52.

Akzo Nobel Company Profile

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.