Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Rises By 3,200.0%


Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Rises By 3,200.0%

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) was the recipient of a large 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 volume of 467,800 shares, the short-interest ratio is currently 0.0 days.

Shares of OTCMKTS AKZOY traded down $0.58 during mid-day trading on Monday, hitting $19.15. The company had a trading volume of 144,600 shares, compared to its average volume of 185,017. The company has a market capitalization of $9.82 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.72 and a beta of 1.24. The firm has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $20.87. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76. Akzo Nobel has a one year low of $19.05 and a one year high of $26.14.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, beating 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 company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.01 billion. On average, equities analysts expect that Akzo Nobel will post 1.46 EPS for the current year.

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

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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