Akzo Nobel (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 179,400 shares, a growth of 11,860.0% from the April 30th total of 1,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 191,500 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AKZOY shares. Barclays reaffirmed an "overweight" rating on shares of Akzo Nobel in a research note on Monday, February 3rd. The Goldman Sachs Group upgraded shares of Akzo Nobel from a "sell" rating to a "buy" rating in a research report on Thursday, March 6th.

Akzo Nobel Price Performance

Shares of Akzo Nobel stock traded up $0.06 during trading on Monday, hitting $22.64. 465,924 shares of the stock traded hands, compared to its average volume of 126,004. The firm's fifty day moving average is $20.98 and its 200-day moving average is $20.54. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 0.67 and a beta of 1.08. Akzo Nobel has a 52 week low of $18.07 and a 52 week high of $24.12. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.76.

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

About Akzo Nobel

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.