Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Grows By 169.4%

Assa Abloy AB (OTCMKTS:ASAZY) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 118,900 shares, an increase of 169.4% from the April 15th total of 44,128 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 429,940 shares, the days-to-cover ratio is currently 0.3 days.

Assa Abloy Price Performance

ASAZY opened at $18.27 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. The firm has a market cap of $40.65 billion, a P/E ratio of 24.04, a PEG ratio of 2.34 and a beta of 1.20. Assa Abloy has a fifty-two week low of $14.81 and a fifty-two week high of $21.98. The firm has a 50-day moving average of $18.95 and a 200 day moving average of $19.43.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.88 billion. Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%. On average, research analysts expect that Assa Abloy will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

ASAZY has been the subject of several research reports. Dnb Carnegie upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Citigroup restated a “buy” rating on shares of Assa Abloy in a research report on Friday, February 6th. Zacks Research lowered shares of Assa Abloy from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Evercore upgraded shares of Assa Abloy to a “hold” rating in a research report on Monday, April 13th. Finally, Pareto Securities upgraded shares of Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Assa Abloy has an average rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.