Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Declines By 51.1%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 43,500 shares, a decrease of 51.1% from the February 29th total of 88,900 shares. Based on an average daily volume of 205,600 shares, the short-interest ratio is presently 0.2 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of OTCMKTS ASAZY opened at $14.56 on Thursday. ASSA ABLOY AB has a 1 year low of $10.17 and a 1 year high of $15.09. The firm has a 50-day simple moving average of $14.06 and a two-hundred day simple moving average of $12.79. 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 issued its quarterly earnings results 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 firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.60 billion. ASSA ABLOY AB (publ) had a return on equity of 16.10% and a net margin of 10.39%. As a group, research analysts anticipate that ASSA ABLOY AB will post 0.68 EPS 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 issued a dividend of $0.1316 per share. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.11. The ex-dividend date of this dividend is Thursday, April 25th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is presently 20.64%.

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.