Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Down 14.4% in January

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

Analyst Ratings Changes

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

Akzo Nobel Stock Performance

Shares of AKZOY opened at $23.98 on Tuesday. The firm has a market capitalization of $12.32 billion, a P/E ratio of 17.01, a PEG ratio of 1.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. Akzo Nobel has a one year low of $18.07 and a one year high of $24.52. The business has a fifty day moving average of $22.99 and a 200 day moving average of $22.80.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 14.05%. As a group, sell-side analysts anticipate that Akzo Nobel will post 1.52 EPS for the current 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.