Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,400 shares, a growth of 193.2% from the March 31st total of 7,300 shares. Based on an average daily volume of 833,900 shares, the days-to-cover ratio is currently 0.0 days.

Akzo Nobel Stock Performance

OTCMKTS:AKZOY opened at $21.90 on Friday. The business’s 50-day moving average price is $24.07 and its two-hundred day moving average price is $24.70. Akzo Nobel has a twelve month low of $21.47 and a twelve month high of $29.03. The stock has a market cap of $11.22 billion, a P/E ratio of 23.30, a PEG ratio of 0.74 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. The company had revenue of $2.88 billion for the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. As a group, equities analysts predict that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Akzo Nobel Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.4498 dividend. This is a boost from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date is Monday, April 29th. Akzo Nobel’s payout ratio is 24.47%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “neutral” rating in a research note on Thursday.

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.