Short Interest in Akzo Nobel NV (OTCMKTS:AKZOY) Decreases By 49.1%

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 25,013 shares, a decrease of 49.1% from the July 30th total of 49,095 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 67,019 shares, the days-to-cover ratio is currently 0.4 days.

Akzo Nobel Stock Down 0.9%

AKZOY stock opened at $23.91 on Tuesday. The firm has a 50 day moving average of $23.02 and a 200 day moving average of $21.70. The stock has a market capitalization of $12.28 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. Sell-side analysts forecast that Akzo Nobel will post 1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Citigroup initiated coverage on shares of Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Akzo Nobel presently has a consensus rating of “Hold”.

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.