Akzo Nobel (OTCMKTS:AKZOY) Short Interest Up 1,709.4% in March

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 57,900 shares, an increase of 1,709.4% from the February 28th total of 3,200 shares. Based on an average daily volume of 174,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold.

Analyst Ratings Changes

Several analysts recently commented on AKZOY shares. Barclays reaffirmed an "overweight" rating on shares of Akzo Nobel in a report on Monday, February 3rd. The Goldman Sachs Group raised Akzo Nobel from a "sell" rating to a "buy" rating in a research report on Thursday, March 6th.

Akzo Nobel Stock Performance

AKZOY stock traded down $0.33 during trading hours on Friday, hitting $20.39. 92,616 shares of the stock were exchanged, compared to its average volume of 133,964. Akzo Nobel has a 12 month low of $18.28 and a 12 month high of $25.00. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $10.46 billion, a P/E ratio of 21.24, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a 50-day simple moving average of $20.76 and a two-hundred day simple moving average of $20.91.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. On average, analysts forecast that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.