ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 40,400 shares, a growth of 38.4% from the October 15th total of 29,200 shares. Based on an average daily trading volume, of 153,000 shares, the days-to-cover ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Barclays upgraded ASSA ABLOY AB (publ) to a “strong sell” rating in a report on Thursday, September 5th.
View Our Latest Analysis on ASAZY
ASSA ABLOY AB (publ) Price Performance
ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business 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%. As a group, equities analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current year.
ASSA ABLOY AB (publ) Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be paid a dividend of $0.1297 per share. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s payout ratio is currently 22.73%.
About ASSA ABLOY AB (publ)
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.
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