Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the target of a significant decrease in short interest in 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 days-to-cover ratio is currently 0.0 days.

Akzo Nobel Price Performance

Shares of AKZOY traded down $0.42 during trading hours on Wednesday, reaching $19.13. 234,707 shares of the company traded hands, compared to its average volume of 139,944. The stock has a fifty day simple moving average of $21.76 and a 200 day simple moving average of $21.46. Akzo Nobel has a fifty-two week low of $19.08 and a fifty-two week high of $27.99. The stock has a market capitalization of $9.81 billion, a PE ratio of 16.16, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. As a group, research analysts predict that Akzo Nobel will post 1.45 EPS for the current fiscal year.

Akzo Nobel Cuts Dividend

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

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.