Short Interest in Akzo Nobel NV (OTCMKTS:AKZOY) Drops By 70.1%

Akzo Nobel NV (OTCMKTS:AKZOY) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 41,678 shares, a drop of 70.1% from the December 31st total of 139,238 shares. Based on an average trading volume of 447,721 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 447,721 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on AKZOY shares. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. Finally, UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Akzo Nobel Stock Performance

Shares of Akzo Nobel stock opened at $23.29 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 232.90, a PEG ratio of 0.95 and a beta of 1.09. Akzo Nobel has a 12 month low of $18.07 and a 12 month high of $24.52. The firm’s fifty day simple moving average is $22.39 and its 200-day simple moving average is $22.73.

About Akzo Nobel

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.