Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Rises By 319.1%

Assa Abloy AB (OTCMKTS:ASAZY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 133,512 shares, a growth of 319.1% from the June 30th total of 31,857 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,341,690 shares, the short-interest ratio is presently 0.1 days.

Assa Abloy Price Performance

ASAZY opened at $17.94 on Tuesday. The company has a fifty day moving average price of $17.57 and a two-hundred day moving average price of $18.93. The firm has a market capitalization of $39.92 billion, a PE ratio of 22.71, a P/E/G ratio of 2.07 and a beta of 1.17. Assa Abloy has a 52 week low of $16.34 and a 52 week high of $21.98. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.61 and a current ratio of 1.00.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Assa Abloy had a return on equity of 15.86% and a net margin of 10.82%.The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. As a group, analysts anticipate that Assa Abloy will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASAZY. Zacks Research upgraded Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a report on Monday, July 20th. Barclays reiterated an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Evercore raised Assa Abloy to a “hold” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada assumed coverage on shares of Assa Abloy in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Assa Abloy Company Profile

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.