Akzo Nobel (OTCMKTS:AKZOY) Sees Large Growth in Short Interest

Akzo Nobel (OTCMKTS:AKZOY) saw a significant 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 trading volume, of 833,900 shares, the days-to-cover ratio is presently 0.0 days.

Akzo Nobel Stock Up 2.2 %

Akzo Nobel stock opened at $22.38 on Friday. The stock has a market capitalization of $11.47 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.27. Akzo Nobel has a twelve month low of $21.47 and a twelve month high of $29.03. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $24.02 and a 200-day moving average of $24.69.

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

Akzo Nobel Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a $0.4498 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s payout ratio is currently 24.47%.

Analyst Ratings Changes

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

Akzo Nobel Company Profile

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.