Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 51,032 shares, an increase of 363.7% from the November 30th total of 11,005 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 246,653 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 246,653 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Akzo Nobel Trading Down 0.5%

AKZOY stock opened at $22.89 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 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.88. The firm has a market cap of $11.76 billion, a P/E ratio of 228.90, a PEG ratio of 1.06 and a beta of 1.10. The company’s 50-day simple moving average is $22.14 and its 200-day simple moving average is $22.72.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.57 billion. Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. As a group, equities analysts forecast that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AKZOY. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Akzo Nobel presently has a consensus rating of “Moderate Buy”.

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.