Akzo Nobel NV (OTCMKTS:AKZOY) Stock Short Interest Report for October

Key Points

• Akzo Nobel’s short interest surged 422.3% to 77,362 shares as of October 15, up from 14,812 shares at the end of September. Despite the increase, short interest represented 0.0% of shares outstanding and amounted to just 0.2 days of average trading volume.
• The company reported quarterly EPS of $0.38, missing analysts’ $0.42 estimate, while revenue of $2.85 billion fell short of the $2.96 billion consensus forecast.
• Analyst sentiment remains cautious, with two Buy ratings and six Hold ratings for an overall “Hold” consensus; Oddo Bhf upgraded the stock to “Outperform.”

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 77,362 shares, an increase of 422.3% from the September 30th total of 14,812 shares. Based on an average daily trading volume, of 325,824 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Akzo Nobel Price Performance

Shares of OTCMKTS:AKZOY opened at $21.97 on Tuesday. Akzo Nobel has a one year low of $18.04 and a one year high of $25.99. The stock has a market cap of $11.29 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. The business's fifty day moving average price is $22.41 and its two-hundred day moving average price is $21.94. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.55 and a current ratio of 1.93.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The basic materials company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.96 billion. Akzo Nobel had a return on equity of 12.18% and a net margin of 6.71%. On average, analysts forecast that Akzo Nobel will post 1.40 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AKZOY. Oddo Bhf upgraded shares of Akzo Nobel from a "neutral" rating to an "outperform" rating in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Akzo Nobel in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold".

About Akzo Nobel

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.

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