ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Increase in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 63,900 shares, a growth of 24.6% from the December 15th total of 51,300 shares. Based on an average daily volume of 284,000 shares, the days-to-cover ratio is presently 0.2 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of OTCMKTS ASAZY opened at $14.86 on Friday. ASSA ABLOY AB has a 12-month low of $13.18 and a 12-month high of $17.03. The company has a market cap of $33.07 billion, a PE ratio of 23.97, a P/E/G ratio of 1.65 and a beta of 1.11. The stock has a 50 day simple moving average of $14.96 and a 200-day simple moving average of $15.26. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. On average, equities research analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.