Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Increases By 593.2%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 51,300 shares, a growth of 593.2% from the November 30th total of 7,400 shares. Based on an average daily volume of 184,000 shares, the short-interest ratio is presently 0.3 days.

ASSA ABLOY AB (publ) Price Performance

Shares of ASAZY opened at $14.86 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a market cap of $33.07 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a 50 day moving average of $15.32 and a two-hundred day moving average of $15.24. ASSA ABLOY AB has a twelve month low of $13.18 and a twelve month high of $17.03.

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

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were issued a $0.1297 dividend. The ex-dividend date was Friday, November 8th. ASSA ABLOY AB (publ)’s payout ratio is 21.21%.

Wall Street Analyst Weigh In

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

About ASSA ABLOY AB (publ)

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.