ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Growth in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 40,400 shares, a growth of 38.4% from the October 15th total of 29,200 shares. Based on an average daily volume of 153,000 shares, the short-interest ratio is currently 0.3 days.

ASSA ABLOY AB (publ) Trading Up 0.7 %

Shares of ASAZY stock traded up $0.11 on Friday, hitting $14.92. The company had a trading volume of 96,607 shares, compared to its average volume of 116,685. The stock’s 50-day moving average is $15.98 and its two-hundred day moving average is $15.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.13. The firm has a market cap of $33.20 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.65 and a beta of 1.12. ASSA ABLOY AB has a twelve month low of $12.15 and a twelve month high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The firm had revenue of $3.59 billion for the quarter. On average, equities research analysts anticipate that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a dividend of $0.1297 per share. The ex-dividend date of this dividend is Friday, November 8th. ASSA ABLOY AB (publ)’s payout ratio is 22.73%.

Wall Street Analyst Weigh In

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a research note on Thursday, September 5th.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.