Akzo Nobel NV (OTCMKTS:AKZOY) Sees Large Decrease in Short Interest

Akzo Nobel NV (OTCMKTS:AKZOY) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 10,709 shares, a drop of 62.2% from the March 15th total of 28,311 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 609,008 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Barclays cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Akzo Nobel currently has an average rating of “Hold”.

Akzo Nobel Stock Down 1.5%

Shares of Akzo Nobel stock opened at $19.94 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Akzo Nobel has a 12 month low of $18.04 and a 12 month high of $24.52. The business has a fifty day simple moving average of $21.12 and a 200 day simple moving average of $22.11. The stock has a market cap of $10.24 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Research analysts predict that Akzo Nobel will post 1.52 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.