Akzo Nobel (OTCMKTS:AKZOY) Short Interest Up 13.2% in September

Akzo Nobel (OTCMKTS:AKZOY) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 69,500 shares, an increase of 13.2% from the August 31st total of 61,400 shares. Based on an average daily volume of 169,500 shares, the short-interest ratio is presently 0.4 days.

Akzo Nobel Trading Down 1.4 %

Shares of AKZOY opened at $23.50 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. Akzo Nobel has a 1-year low of $19.40 and a 1-year high of $27.99. The firm’s 50-day moving average price is $20.97 and its 200-day moving average price is $22.01. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.73 and a beta of 1.29.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Akzo Nobel had a return on equity of 11.95% and a net margin of 4.68%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.97 billion. Sell-side analysts anticipate that Akzo Nobel will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Akzo Nobel from a “neutral” rating to a “sell” rating in a report on Monday, July 1st.

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.