ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Growth in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 63,900 shares, a growth of 24.6% from the December 15th total of 51,300 shares. Based on an average daily trading volume, of 284,000 shares, the days-to-cover ratio is presently 0.2 days.

ASSA ABLOY AB (publ) Stock Up 1.0 %

ASAZY stock traded up $0.15 during trading on Friday, hitting $14.68. 120,761 shares of the company’s stock traded hands, compared to its average volume of 181,546. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $32.67 billion, a P/E ratio of 23.68, a PEG ratio of 1.65 and a beta of 1.11. ASSA ABLOY AB has a 1 year low of $13.18 and a 1 year high of $17.03. The business has a fifty day simple moving average of $14.98 and a two-hundred day simple moving average of $15.27.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The firm had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Sell-side analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.