Akzo Nobel (OTCMKTS:AKZOY) Short Interest Down 85.0% in April

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,500 shares, a decline of 85.0% from the March 31st total of 43,300 shares. Based on an average daily volume of 331,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded Akzo Nobel from a "sell" rating to a "buy" rating in a research note on Thursday, March 6th. Barclays restated an "overweight" rating on shares of Akzo Nobel in a research report on Monday, February 3rd.

Akzo Nobel Price Performance

Shares of OTCMKTS AKZOY traded down $0.38 during midday trading on Thursday, reaching $21.02. 56,455 shares of the company traded hands, compared to its average volume of 132,028. Akzo Nobel has a 12 month low of $18.07 and a 12 month high of $24.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23. The stock's 50-day simple moving average is $20.71 and its 200-day simple moving average is $20.48. The firm has a market cap of $10.78 billion, a PE ratio of 21.90, a PEG ratio of 0.67 and a beta of 1.13.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. As a group, equities analysts anticipate that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

Akzo Nobel Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a $0.5384 dividend. The ex-dividend date is Wednesday, April 30th. This is a boost from Akzo Nobel's previous dividend of $0.16. Akzo Nobel's dividend payout ratio (DPR) is presently 88.78%.

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.