Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Key Points

• Akzo Nobel NV experienced a significant decline in short interest, dropping from 26,200 shares to 17,300 shares, a decrease of 34.0% in September.
• The company's share price opened at $23.52, with a market cap of $12.08 billion and a P/E ratio of 26.43.
• For the latest quarter, Akzo Nobel reported earnings of $0.43 per share, missing consensus estimates by $0.04, and exceeded revenue expectations with $3.07 billion in sales.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 17,300 shares, a decline of 34.0% from the September 15th total of 26,200 shares. Based on an average trading volume of 94,700 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 94,700 shares, the short-interest ratio is presently 0.2 days.

Akzo Nobel Price Performance

OTCMKTS:AKZOY opened at $23.52 on Wednesday. The business's 50-day moving average price is $23.45 and its 200 day moving average price is $22.46. The firm has a market cap of $12.08 billion, a P/E ratio of 26.43, a PEG ratio of 1.01 and a beta of 1.10. Akzo Nobel has a 52-week low of $18.07 and a 52-week high of $24.52. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.83.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its earnings results on Tuesday, July 22nd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.67 billion. Akzo Nobel had a return on equity of 13.63% and a net margin of 4.08%. As a group, sell-side analysts predict that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

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.

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