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

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 11,284 shares, a decline of 59.9% from the April 30th total of 28,106 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 285,694 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Akzo Nobel Price Performance

Akzo Nobel stock opened at $25.35 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The firm has a market cap of $13.02 billion, a P/E ratio of 18.11, a P/E/G ratio of 2.23 and a beta of 1.16. The business’s fifty day moving average is $19.89 and its two-hundred day moving average is $21.49. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. Equities research analysts forecast that Akzo Nobel will post 1.46 earnings per share for the current fiscal 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.