Short Interest in Akzo Nobel (OTCMKTS:AKZOY) Declines By 80.2%

Akzo Nobel (OTCMKTS:AKZOY) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 11,200 shares, a decrease of 80.2% from the October 31st total of 56,700 shares. Based on an average trading volume of 230,600 shares, the short-interest ratio is currently 0.0 days.

Akzo Nobel Trading Down 2.1 %

Shares of AKZOY traded down $0.42 during mid-day trading on Wednesday, hitting $19.13. The company had a trading volume of 234,707 shares, compared to its average volume of 139,944. Akzo Nobel has a 1-year low of $19.08 and a 1-year high of $27.99. The business’s 50-day simple moving average is $21.76 and its 200-day simple moving average is $21.46. The stock has a market cap of $9.81 billion, a PE ratio of 16.16, a P/E/G ratio of 0.68 and a beta of 1.30. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.01 billion. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. Sell-side analysts forecast that Akzo Nobel will post 1.45 earnings per share for the current year.

Akzo Nobel Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.1583 per share. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio is presently 22.77%.

Akzo Nobel Company Profile

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.