Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Drops By 52.2%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 29,800 shares, a drop of 52.2% from the August 15th total of 62,300 shares. Based on an average daily trading volume, of 179,200 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

ASSA ABLOY AB (publ) Stock Performance

Shares of OTCMKTS:ASAZY traded up $0.22 on Friday, hitting $15.97. 131,612 shares of the company were exchanged, compared to its average volume of 124,693. The firm has a market capitalization of $35.54 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. ASSA ABLOY AB has a 1-year low of $10.17 and a 1-year high of $16.27. The stock’s 50 day moving average price is $14.98 and its 200 day moving average price is $14.54.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $3.55 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Sell-side analysts predict that ASSA ABLOY AB will post 0.69 EPS for the current year.

About ASSA ABLOY AB (publ)

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.