Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Rises By 73.5%

Posted by Jeff Wilder on Sep 28th, 2024

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 51,700 shares, a growth of 73.5% from the August 31st total of 29,800 shares. Based on an average daily volume of 197,500 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a report on Thursday, September 5th.

Check Out Our Latest Research Report on ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) Stock Down 1.2 %

ASAZY traded down $0.20 during midday trading on Friday, hitting $16.81. 45,103 shares of the company’s stock traded hands, compared to its average volume of 122,438. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The stock’s fifty day simple moving average is $15.41 and its 200-day simple moving average is $14.70. ASSA ABLOY AB has a one year low of $10.17 and a one year high of $17.03. The company has a market cap of $37.40 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The firm had revenue of $3.55 billion for the quarter. As a group, equities analysts anticipate that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

About ASSA ABLOY AB (publ)

(Get Free Report)

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.