Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 56,700 shares, a growth of 28.9% from the October 15th total of 44,000 shares. Based on an average daily volume of 176,200 shares, the short-interest ratio is presently 0.3 days.

Akzo Nobel Price Performance

AKZOY stock opened at $19.47 on Friday. The business’s 50-day moving average is $22.12 and its two-hundred day moving average is $21.65. The firm has a market capitalization of $9.98 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.68 and a beta of 1.30. Akzo Nobel has a 1 year low of $19.40 and a 1 year high of $27.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.21 and a quick ratio of 0.89.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. Analysts anticipate that Akzo Nobel will post 1.45 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, November 7th will be issued a $0.1583 dividend. The ex-dividend date is Thursday, November 7th. Akzo Nobel’s dividend payout ratio is presently 22.77%.

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.