Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Grows By 42.0%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 59,200 shares, an increase of 42.0% from the February 28th total of 41,700 shares. Based on an average trading volume of 297,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

ASSA ABLOY AB (publ) Trading Up 0.4 %

ASAZY opened at $14.99 on Tuesday. 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 has a 1-year low of $13.18 and a 1-year high of $17.03. The company has a fifty day moving average price of $15.38 and a two-hundred day moving average price of $15.44. The company has a market cap of $33.35 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Analysts predict that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a dividend of $0.1387 per share. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.13. The ex-dividend date is Friday, April 25th. ASSA ABLOY AB (publ)’s payout ratio is presently 23.88%.

About ASSA ABLOY AB (publ)

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.