Short Interest in Akzo Nobel NV (OTCMKTS:AKZOY) Increases By 172.8%

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 139,238 shares, an increase of 172.8% from the December 15th total of 51,032 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 142,095 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 142,095 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Akzo Nobel Stock Performance

Shares of Akzo Nobel stock opened at $22.95 on Wednesday. Akzo Nobel has a 12 month low of $18.07 and a 12 month 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 stock has a market cap of $11.79 billion, a PE ratio of 229.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09. The business has a fifty day simple moving average of $22.14 and a 200-day simple moving average of $22.76.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%.The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.57 billion. On average, sell-side analysts anticipate that Akzo Nobel will post 1.52 EPS for the current fiscal year.

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.