Akzo Nobel (OTCMKTS:AKZOY) Short Interest Down 40.8% in June

Posted by Defense World Staff on Jun 28th, 2024

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 32,500 shares, a decrease of 40.8% from the May 31st total of 54,900 shares. Based on an average daily volume of 277,900 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Akzo Nobel from a “sell” rating to a “neutral” rating in a report on Thursday, April 25th.

Read Our Latest Research Report on AKZOY

Akzo Nobel Stock Performance

Shares of OTCMKTS AKZOY opened at $20.44 on Friday. The stock has a market cap of $10.47 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The firm has a fifty day moving average price of $22.49 and a 200-day moving average price of $24.23. Akzo Nobel has a 1 year low of $20.26 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. The company had revenue of $2.88 billion during the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. Equities analysts anticipate that Akzo Nobel will post 1.5 earnings per share for the current fiscal year.

Akzo Nobel Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were paid a $0.4498 dividend. This is a boost from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, April 29th. Akzo Nobel’s dividend payout ratio (DPR) is presently 95.74%.

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.