Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 57,900 shares, a growth of 1,709.4% from the February 28th total of 3,200 shares. Based on an average trading volume of 174,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Akzo Nobel Stock Performance

OTCMKTS AKZOY opened at $20.72 on Friday. The company has a 50-day simple moving average of $20.76 and a 200 day simple moving average of $20.92. Akzo Nobel has a 52-week low of $18.28 and a 52-week high of $25.17. The company has a market capitalization of $10.63 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. On average, research analysts predict that Akzo Nobel will post 1.52 EPS for the current year.

Analysts Set New Price Targets

AKZOY has been the topic of several research reports. Barclays restated an “overweight” rating on shares of Akzo Nobel in a report on Monday, February 3rd. The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “buy” rating in a research note on Thursday, March 6th.

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.