Akzo Nobel (OTCMKTS:AKZOY) Short Interest Up 28.9% in October

Akzo Nobel (OTCMKTS:AKZOY) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 56,700 shares, a growth of 28.9% from the October 15th total of 44,000 shares. Based on an average trading volume of 176,200 shares, the days-to-cover ratio is currently 0.3 days.

Akzo Nobel Stock Up 0.3 %

AKZOY stock opened at $19.52 on Friday. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30. The company has a fifty day moving average price of $22.08 and a 200 day moving average price of $21.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.21 and a quick ratio of 0.89. Akzo Nobel has a 12 month low of $19.40 and a 12 month high of $27.99.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Sell-side analysts expect that Akzo Nobel will post 1.45 earnings per share for the current year.

Akzo Nobel Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were given a dividend of $0.1583 per share. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s payout ratio is 22.77%.

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.