ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Update

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 40,400 shares, an increase of 38.4% from the October 15th total of 29,200 shares. Based on an average daily trading volume, of 153,000 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Barclays upgraded ASSA ABLOY AB (publ) to a "strong sell" rating in a research report on Thursday, September 5th.

ASSA ABLOY AB (publ) Stock Down 0.6 %

Shares of ASSA ABLOY AB (publ) stock traded down $0.09 during trading on Thursday, hitting $14.81. 327,291 shares of the stock traded hands, compared to its average volume of 116,776. The stock's fifty day simple moving average is $15.99 and its 200 day simple moving average is $15.06. ASSA ABLOY AB has a 52-week low of $11.72 and a 52-week high of $17.03. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. The firm has a market cap of $32.95 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The business had revenue of $3.59 billion for the quarter. On average, equities analysts predict that ASSA ABLOY AB will post 0.69 earnings per share for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a dividend of $0.1297 per share. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)'s dividend payout ratio (DPR) is 22.73%.

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.