Akzo Nobel (OTCMKTS:AKZOY) Sees Large Decline in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 11,200 shares, a drop of 80.2% from the October 31st total of 56,700 shares. Based on an average daily trading volume, of 230,600 shares, the days-to-cover ratio is currently 0.0 days.

Akzo Nobel Trading Up 1.6 %

Shares of AKZOY stock traded up $0.30 during trading hours on Friday, reaching $19.43. 163,804 shares of the stock traded hands, compared to its average volume of 152,735. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.96 billion, a PE ratio of 19.24, a PEG ratio of 0.67 and a beta of 1.30. Akzo Nobel has a 1-year low of $19.08 and a 1-year high of $27.99. The business has a fifty day moving average price of $21.65 and a 200 day moving average price of $21.43.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.01 billion. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. On average, equities research analysts forecast that Akzo Nobel will post 1.45 EPS for the current year.

Akzo Nobel Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 7th were given a $0.1583 dividend. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) 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.