ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Increase in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 164,500 shares, an increase of 114.5% from the May 15th total of 76,700 shares. Based on an average daily volume of 1,043,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

ASSA ABLOY AB (publ) Price Performance

ASSA ABLOY AB (publ) stock traded down $0.25 during mid-day trading on Friday, hitting $15.85. The stock had a trading volume of 115,488 shares, compared to its average volume of 218,578. The firm has a market capitalization of $35.27 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.65 and a beta of 1.21. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. The firm's 50 day moving average is $15.28 and its 200 day moving average is $15.17. ASSA ABLOY AB has a one year low of $12.76 and a one year high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $38.07 billion. ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. On average, sell-side analysts forecast that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Pareto Securities cut ASSA ABLOY AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Citigroup raised ASSA ABLOY AB (publ) from a "sell" rating to a "neutral" rating in a research report on Monday, April 28th.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.