Akzo Nobel (OTCMKTS:AKZOY) Short Interest Up 3,200.0% in December

Akzo Nobel (OTCMKTS:AKZOY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 9,900 shares, an increase of 3,200.0% from the December 15th total of 300 shares. Based on an average daily trading volume, of 467,800 shares, the short-interest ratio is currently 0.0 days.

Akzo Nobel Price Performance

OTCMKTS:AKZOY traded down $0.58 during mid-day trading on Monday, reaching $19.15. The stock had a trading volume of 144,600 shares, compared to its average volume of 185,017. The stock has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $20.87. The stock has a market capitalization of $9.82 billion, a PE ratio of 18.96, a P/E/G ratio of 0.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.21 and a quick ratio of 0.89. Akzo Nobel has a 12 month low of $19.05 and a 12 month high of $26.14.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.01 billion. On average, equities analysts anticipate that Akzo Nobel will post 1.46 earnings per share for the current year.

Akzo Nobel Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were issued a $0.1583 dividend. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s payout ratio is 21.78%.

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.