Assa Abloy AB (OTCMKTS:ASAZY) Short Interest Up 319.1% in July

Assa Abloy AB (OTCMKTS:ASAZY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 133,512 shares, a growth of 319.1% from the June 30th total of 31,857 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,341,690 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

ASAZY has been the topic of a number of research reports. Zacks Research raised Assa Abloy from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Assa Abloy in a report on Monday, July 20th. Barclays reissued an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Evercore upgraded shares of Assa Abloy to a “hold” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada initiated coverage on shares of Assa Abloy in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Assa Abloy Stock Performance

Shares of ASAZY stock opened at $17.80 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.61 and a debt-to-equity ratio of 0.41. The stock has a market cap of $39.61 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.17. The stock has a 50 day simple moving average of $17.57 and a 200 day simple moving average of $18.94. Assa Abloy has a 1 year low of $16.34 and a 1 year high of $21.98.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Assa Abloy had a return on equity of 15.86% and a net margin of 10.82%.The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. On average, research analysts predict that Assa Abloy will post 0.84 earnings per share for the current fiscal year.

Assa Abloy Company Profile

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.