Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Declines By 51.1%

Posted by Adam Masters on Mar 28th, 2024

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 43,500 shares, a decline of 51.1% from the February 29th total of 88,900 shares. Based on an average daily trading volume, of 205,600 shares, the days-to-cover ratio is currently 0.2 days.

ASSA ABLOY AB (publ) Stock Down 1.3 %

Shares of OTCMKTS ASAZY opened at $14.56 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.68. The stock has a fifty day simple moving average of $14.06 and a two-hundred day simple moving average of $12.79. ASSA ABLOY AB has a 1-year low of $10.17 and a 1-year high of $15.09.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.60 billion. ASSA ABLOY AB (publ) had a net margin of 10.39% and a return on equity of 16.10%. Sell-side analysts expect that ASSA ABLOY AB will post 0.68 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a $0.1316 dividend. The ex-dividend date is Thursday, April 25th. This is an increase from ASSA ABLOY AB (publ)’s previous dividend of $0.11. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is 20.64%.

About ASSA ABLOY AB (publ)

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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.