Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Declines By 75.3%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 5,700 shares, a decrease of 75.3% from the March 31st total of 23,100 shares. Based on an average daily volume of 185,700 shares, the days-to-cover ratio is presently 0.0 days.

ASSA ABLOY AB (publ) Price Performance

ASAZY stock traded down $0.15 during trading on Thursday, reaching $13.46. 305,368 shares of the company were exchanged, compared to its average volume of 133,145. The company has a 50-day moving average of $14.30 and a two-hundred day moving average of $13.29. The company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.49 and a beta of 1.14. ASSA ABLOY AB has a twelve month low of $10.17 and a twelve month high of $15.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.68.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.60 billion. ASSA ABLOY AB (publ) had a net margin of 10.39% and a return on equity of 16.10%. As a group, equities analysts predict that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a dividend of $0.1316 per share. This is a boost from ASSA ABLOY AB (publ)’s previous dividend of $0.11. The ex-dividend date is Thursday, April 25th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 23.81%.

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.