Akzo Nobel (OTCMKTS:AKZOY) Sees Significant Decrease in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 300 shares, a decline of 92.1% from the November 30th total of 3,800 shares. Based on an average trading volume of 263,900 shares, the days-to-cover ratio is presently 0.0 days.

Akzo Nobel Stock Performance

Shares of AKZOY traded up $0.16 during trading hours on Friday, hitting $19.59. The company had a trading volume of 202,714 shares, compared to its average volume of 175,557. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 0.72 and a beta of 1.26. 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 business has a fifty day moving average of $20.52 and a 200-day moving average of $20.99. Akzo Nobel has a 12 month low of $19.05 and a 12 month high of $27.78.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Equities analysts anticipate that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Akzo Nobel Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were paid a $0.1583 dividend. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) is currently 21.78%.

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.