Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Drops By 73.8%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 10,600 shares, a decline of 73.8% from the October 31st total of 40,400 shares. Based on an average daily volume of 231,100 shares, the days-to-cover ratio is presently 0.0 days.

ASSA ABLOY AB (publ) Stock Performance

OTCMKTS:ASAZY opened at $14.92 on Thursday. The firm’s 50-day moving average is $15.80 and its 200-day moving average is $15.13. ASSA ABLOY AB has a 52-week low of $12.71 and a 52-week high of $17.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.13. The company has a market cap of $33.20 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.65 and a beta of 1.12.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The business had revenue of $3.59 billion for the quarter. Equities research analysts anticipate that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a dividend of $0.1297 per share. The ex-dividend date of this dividend is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is currently 21.21%.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of ASSA ABLOY AB (publ) to a “strong sell” rating in a report on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

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.