ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Large Increase in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 59,200 shares, an increase of 42.0% from the February 28th total of 41,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 297,500 shares, the days-to-cover ratio is currently 0.2 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of ASAZY stock traded up $0.10 during mid-day trading on Thursday, hitting $14.94. The stock had a trading volume of 446,423 shares, compared to its average volume of 137,428. The firm has a market cap of $33.24 billion, a PE ratio of 24.10, a PEG ratio of 1.65 and a beta of 1.14. The company's 50-day simple moving average is $15.36 and its 200-day simple moving average is $15.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. ASSA ABLOY AB has a fifty-two week low of $13.18 and a fifty-two week high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. Sell-side analysts anticipate that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a $0.1387 dividend. The ex-dividend date is Friday, April 25th. This is an increase from ASSA ABLOY AB (publ)'s previous dividend of $0.13. ASSA ABLOY AB (publ)'s payout ratio is 23.88%.

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.