Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Key Points

• Short interest surged 327.4% to 45,770 shares as of April 15 (from 10,709 on March 31), yet it still represents 0.0% of shares sold short with a short-interest ratio of 0.1 days based on average volume.
• Multiple major brokers (Goldman Sachs, Deutsche Bank, Barclays, Wall Street Zen) cut ratings toward Hold while Zacks moved to Hold, leaving a consensus rating of Hold (one Strong Buy, six Hold).
• Akzo Nobel beat the quarter with EPS of $0.35 vs. $0.30 and revenue of $2.80B; the stock has a market cap of $10.5B and a P/E of 14.6.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 45,770 shares, a growth of 327.4% from the March 31st total of 10,709 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 617,612 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group cut Akzo Nobel from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a "buy" rating to a "hold" rating in a report on Tuesday, March 24th. Barclays cut Akzo Nobel from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th. Zacks Research raised Akzo Nobel from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Finally, Wall Street Zen cut Akzo Nobel from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Akzo Nobel Stock Performance

Shares of OTCMKTS:AKZOY opened at $20.44 on Friday. The stock has a market capitalization of $10.50 billion, a P/E ratio of 14.60, a P/E/G ratio of 2.15 and a beta of 1.12. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $24.52. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $20.59 and a two-hundred day moving average price of $21.93.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. Equities analysts predict that Akzo Nobel will post 1.38 earnings per share for the current year.

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.

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