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

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 9,900 shares, an increase of 3,200.0% from the December 15th total of 300 shares. Based on an average daily trading volume, of 467,800 shares, the short-interest ratio is currently 0.0 days.

Akzo Nobel Trading Down 0.7 %

OTCMKTS:AKZOY opened at $19.02 on Tuesday. Akzo Nobel has a 52 week low of $18.73 and a 52 week high of $26.14. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 0.72 and a beta of 1.24. The company’s 50 day moving average price is $19.95 and its 200-day moving average price is $20.86. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. On average, equities research analysts forecast that Akzo Nobel will post 1.46 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were given a $0.1583 dividend. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) is presently 21.78%.

About Akzo Nobel

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Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.

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