Short Interest in Akzo Nobel NV (OTCMKTS:AKZOY) Grows By 194.2%

Akzo Nobel NV (OTCMKTS:AKZOY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 50,900 shares, an increase of 194.2% from the September 30th total of 17,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 212,000 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 212,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Akzo Nobel Trading Down 1.2%

OTCMKTS:AKZOY opened at $22.24 on Friday. The company has a fifty day moving average of $23.56 and a 200 day moving average of $22.69. Akzo Nobel has a 52 week low of $18.07 and a 52 week high of $24.52. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $11.42 billion, a P/E ratio of 222.40, a P/E/G ratio of 0.95 and a beta of 1.10.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Akzo Nobel had a net margin of 0.53% and a return on equity of 13.51%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.57 billion. On average, research analysts predict that Akzo Nobel will post 1.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

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.