Assa Abloy AB (OTCMKTS:ASAZY) Short Interest Up 77.4% in August

Assa Abloy AB (OTCMKTS:ASAZY – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 99,571 shares, an increase of 77.4% from the July 30th total of 56,115 shares. Based on an average daily trading volume, of 247,793 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

ASAZY has been the subject of a number of analyst reports. Royal Bank Of Canada assumed coverage on shares of Assa Abloy in a research report on Tuesday, June 16th. They issued an “outperform” rating for the company. Zacks Research raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research note on Monday, July 20th. Finally, Barclays reissued an “overweight” rating on shares of Assa Abloy in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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Assa Abloy Price Performance

Shares of OTCMKTS ASAZY opened at $18.56 on Tuesday. The stock’s 50-day simple moving average is $18.06 and its two-hundred day simple moving average is $18.63. Assa Abloy has a twelve month low of $16.71 and a twelve month high of $21.98. The firm has a market capitalization of $41.30 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.16 and a beta of 1.16. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.43.

Assa Abloy (OTCMKTS:ASAZY – Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%.The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. As a group, equities analysts anticipate that Assa Abloy will post 0.84 EPS for the current fiscal year.

Assa Abloy Company Profile

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Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.

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