Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Drops By 73.8%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 10,600 shares, a drop of 73.8% from the October 31st total of 40,400 shares. Based on an average daily volume of 231,100 shares, the short-interest ratio is currently 0.0 days.

ASSA ABLOY AB (publ) Trading Up 0.8 %

Shares of OTCMKTS ASAZY traded up $0.12 during midday trading on Friday, reaching $14.92. 91,885 shares of the stock were exchanged, compared to its average volume of 116,915. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $33.20 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.65 and a beta of 1.12. The stock has a 50 day moving average price of $15.77 and a 200-day moving average price of $15.13. ASSA ABLOY AB has a 52-week low of $12.71 and a 52-week high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The business had revenue of $3.59 billion during the quarter. Equities research analysts expect that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders 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 dividend payout ratio is presently 21.21%.

Analysts Set New Price Targets

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

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.