Akzo Nobel (OTCMKTS:AKZOY) Sees Significant Decline in Short Interest

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 43,300 shares, a drop of 25.2% from the March 15th total of 57,900 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 149,300 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

AKZOY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Akzo Nobel from a "sell" rating to a "buy" rating in a report on Thursday, March 6th. Barclays reissued an "overweight" rating on shares of Akzo Nobel in a report on Monday, February 3rd.

Akzo Nobel Stock Performance

Shares of Akzo Nobel stock traded up $0.36 on Wednesday, reaching $19.72. The stock had a trading volume of 114,438 shares, compared to its average volume of 136,253. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 1.23. The business's 50-day moving average price is $20.61 and its two-hundred day moving average price is $20.54. The stock has a market cap of $10.11 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13. Akzo Nobel has a fifty-two week low of $18.07 and a fifty-two week high of $24.12.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. On average, sell-side analysts forecast that Akzo Nobel will post 1.52 EPS for the current year.

Akzo Nobel Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.5384 dividend. This is an increase from Akzo Nobel's previous dividend of $0.16. The ex-dividend date of this dividend is Wednesday, April 30th. Akzo Nobel's payout ratio is currently 90.63%.

Akzo Nobel Company Profile

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.