ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Up 24.6% in December

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 63,900 shares, a growth of 24.6% from the December 15th total of 51,300 shares. Based on an average trading volume of 284,000 shares, the days-to-cover ratio is presently 0.2 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of ASAZY stock traded up $0.15 during mid-day trading on Friday, hitting $14.68. The stock had a trading volume of 120,761 shares, compared to its average volume of 181,546. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The company’s 50-day simple moving average is $14.98 and its 200-day simple moving average is $15.27. ASSA ABLOY AB has a fifty-two week low of $13.18 and a fifty-two week high of $17.03. The firm has a market cap of $32.67 billion, a PE ratio of 23.68, a PEG ratio of 1.65 and a beta of 1.11.

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 for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. Sell-side analysts anticipate that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

ASSA ABLOY AB (publ) Company Profile

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.