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

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

Akzo Nobel Trading Up 1.7 %

Shares of AKZOY stock opened at $19.35 on Wednesday. Akzo Nobel has a 1 year low of $18.73 and a 1 year high of $26.14. The firm has a market capitalization of $9.92 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 0.72 and a beta of 1.24. The stock has a fifty day moving average of $19.90 and a two-hundred day moving average of $20.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 1.21.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.01 billion. As a group, research analysts expect that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s payout ratio is currently 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.