Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Declines By 48.5%

Assa Abloy AB (OTCMKTS:ASAZY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 7,790 shares, a decrease of 48.5% from the May 31st total of 15,113 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 982,989 shares, the short-interest ratio is currently 0.0 days.

Assa Abloy Trading Up 1.1%

OTCMKTS ASAZY opened at $17.58 on Tuesday. Assa Abloy has a 1-year low of $15.34 and a 1-year high of $21.98. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $39.12 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The firm’s fifty day simple moving average is $18.30 and its 200-day simple moving average is $19.18.

Assa Abloy (OTCMKTS:ASAZY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%. As a group, sell-side analysts anticipate that Assa Abloy will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Pareto Securities upgraded Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Evercore upgraded Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada assumed coverage on Assa Abloy in a report on Tuesday, June 16th. They issued an “outperform” rating on the stock. Finally, Barclays reissued an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.