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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 76,700 shares, a decrease of 21.3% from the April 30th total of 97,400 shares. Based on an average daily volume of 284,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup upgraded shares of ASSA ABLOY AB (publ) from a "sell" rating to a "neutral" rating in a research note on Monday, April 28th. Pareto Securities lowered shares of ASSA ABLOY AB (publ) from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 21st.

ASSA ABLOY AB (publ) Trading Up 1.9%

ASSA ABLOY AB (publ) stock traded up $0.30 during trading hours on Thursday, reaching $16.17. The stock had a trading volume of 264,143 shares, compared to its average volume of 217,332. The stock has a market cap of $35.97 billion, a PE ratio of 26.07, a PEG ratio of 1.65 and a beta of 1.24. ASSA ABLOY AB has a 52 week low of $12.76 and a 52 week high of $17.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The company has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $15.12.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last announced its earnings results 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). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $38.07 billion. Analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

About ASSA ABLOY AB (publ)

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.