Short Interest in Akzo Nobel NV (OTCMKTS:AKZOY) Drops By 14.4%

Akzo Nobel NV (OTCMKTS:AKZOY) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 35,667 shares, a decrease of 14.4% from the January 15th total of 41,678 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 315,507 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 315,507 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Akzo Nobel Price Performance

Shares of AKZOY opened at $23.98 on Tuesday. Akzo Nobel has a fifty-two week low of $18.07 and a fifty-two week high of $24.52. The firm’s 50-day simple moving average is $22.99 and its two-hundred day simple moving average is $22.80. The stock has a market cap of $12.32 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08. 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 (OTCMKTS:AKZOY) last issued its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. Akzo Nobel had a return on equity of 14.05% and a net margin of 6.49%. Analysts anticipate that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on AKZOY. Sanford C. Bernstein cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, UBS Group upgraded Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.