ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Growth in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 59,200 shares, an increase of 42.0% from the February 28th total of 41,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 297,500 shares, the days-to-cover ratio is currently 0.2 days.

ASSA ABLOY AB (publ) Stock Up 0.6 %

ASAZY stock opened at $14.91 on Friday. ASSA ABLOY AB has a 52 week low of $13.18 and a 52 week high of $17.03. The business has a 50-day simple moving average of $15.37 and a 200 day simple moving average of $15.44. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a market cap of $33.17 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. Sell-side analysts anticipate that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a $0.1387 dividend. The ex-dividend date is Friday, April 25th. This is a boost from ASSA ABLOY AB (publ)’s previous dividend of $0.13. ASSA ABLOY AB (publ)’s payout ratio is currently 23.88%.

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.