Akzo Nobel (OTCMKTS:AKZOY) Sees Significant Growth in Short Interest

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

Akzo Nobel Trading Down 1.4 %

Shares of OTCMKTS:AKZOY opened at $23.50 on Tuesday. The firm has a market cap of $12.04 billion, a P/E ratio of 25.00, a P/E/G ratio of 0.73 and a beta of 1.29. 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 twelve month low of $19.40 and a twelve month high of $27.99. The company has a 50 day moving average of $20.97 and a 200-day moving average of $22.01.

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

Wall Street Analyst Weigh In

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

About Akzo Nobel

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.