Akzo Nobel (OTCMKTS:AKZOY) Sees Large Increase in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 56,700 shares, a growth of 28.9% from the October 15th total of 44,000 shares. Based on an average daily volume of 176,200 shares, the days-to-cover ratio is presently 0.3 days.

Akzo Nobel Stock Up 0.3 %

Akzo Nobel stock opened at $19.52 on Friday. The stock’s 50 day moving average price is $22.08 and its 200 day moving average price is $21.64. Akzo Nobel has a 1-year low of $19.40 and a 1-year high of $27.99. The company has a market cap of $10.01 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.21 and a quick ratio of 0.89.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.01 billion. On average, sell-side analysts predict that Akzo Nobel will post 1.45 EPS for the current fiscal year.

Akzo Nobel Cuts Dividend

The business also recently announced 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 payout ratio is currently 22.77%.

Akzo Nobel Company Profile

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.