Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel NV (OTCMKTS:AKZOY) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 139,238 shares, an increase of 172.8% from the December 15th total of 51,032 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 142,095 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 142,095 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

AKZOY has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. UBS Group upgraded Akzo Nobel to a “hold” rating in a report on Monday. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Akzo Nobel Trading Up 0.3%

Akzo Nobel stock opened at $23.05 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. The business’s fifty day moving average is $22.19 and its 200 day moving average is $22.76. Akzo Nobel has a one year low of $18.07 and a one year high of $24.52. The stock has a market capitalization of $11.84 billion, a PE ratio of 230.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.57 billion. Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%. On average, sell-side analysts predict that Akzo Nobel will post 1.52 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.