Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Decreases By 26.3%

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 51,200 shares, a decrease of 26.3% from the September 15th total of 69,500 shares. Based on an average trading volume of 245,800 shares, the short-interest ratio is presently 0.2 days.

Akzo Nobel Stock Performance

Shares of AKZOY stock opened at $23.23 on Friday. The firm’s 50-day moving average is $21.40 and its 200-day moving average is $21.99. Akzo Nobel has a 52-week low of $19.40 and a 52-week high of $27.99. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 0.77 and a beta of 1.30.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last announced its earnings results on Tuesday, July 23rd. The basic materials company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Akzo Nobel had a return on equity of 11.95% and a net margin of 4.68%. Sell-side analysts predict that Akzo Nobel will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Akzo Nobel from a “neutral” rating to a “sell” rating in a research note on Monday, July 1st.

View Our Latest Report on AKZOY

Akzo Nobel Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.