Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 34,100 shares, an increase of 175.0% from the July 15th total of 12,400 shares. Based on an average daily trading volume, of 323,400 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Akzo Nobel from a “neutral” rating to a “sell” rating in a research note on Monday, July 1st.

Akzo Nobel Stock Down 0.8 %

Shares of OTCMKTS:AKZOY opened at $19.55 on Thursday. The stock’s 50-day moving average price is $20.69 and its two-hundred day moving average price is $22.77. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. Akzo Nobel has a 12-month low of $19.40 and a 12-month high of $27.99. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 0.66 and a beta of 1.29.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. Akzo Nobel had a return on equity of 11.95% and a net margin of 4.68%. On average, research analysts forecast that Akzo Nobel will post 1.49 EPS for the current year.

About Akzo Nobel

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.