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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 59,200 shares, an increase of 42.0% from the February 28th total of 41,700 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 297,500 shares, the days-to-cover ratio is currently 0.2 days.

ASSA ABLOY AB (publ) Stock Up 0.6 %

Shares of ASAZY stock opened at $14.91 on Monday. The company has a market capitalization of $33.17 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 1.65 and a beta of 1.14. ASSA ABLOY AB has a 12-month low of $13.18 and a 12-month high of $17.03. The firm has a fifty day moving average of $15.37 and a 200-day moving average of $15.44. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. As a group, equities research analysts predict that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a dividend of $0.1387 per share. The ex-dividend date is Friday, April 25th. This is an increase from ASSA ABLOY AB (publ)’s previous dividend of $0.13. ASSA ABLOY AB (publ)’s dividend payout ratio is 23.88%.

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.