Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Down 48.9% in February

Akzo Nobel NV (OTCMKTS:AKZOY) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 20,089 shares, a decline of 48.9% from the February 12th total of 39,335 shares. Based on an average daily volume of 250,437 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 250,437 shares, the days-to-cover ratio is presently 0.1 days.

Akzo Nobel Trading Down 0.6%

Akzo Nobel stock opened at $20.04 on Thursday. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.52. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.36 and a beta of 1.07. The firm has a 50-day moving average price of $22.94 and a two-hundred day moving average price of $22.85.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. Sell-side analysts expect that Akzo Nobel will post 1.52 earnings per share for the current year.

Wall Street Analyst Weigh In

AKZOY has been the subject of several recent analyst reports. UBS Group raised shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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.