Akzo Nobel (OTCMKTS:AKZOY) Sees Large Decrease in Short Interest

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 51,200 shares, a decline of 26.3% from the September 15th total of 69,500 shares. Based on an average daily volume of 245,800 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Akzo Nobel from a "neutral" rating to a "sell" rating in a research note on Monday, July 1st.

Akzo Nobel Stock Performance

OTCMKTS:AKZOY traded up $0.01 during trading hours on Friday, reaching $23.23. The stock had a trading volume of 67,813 shares, compared to its average volume of 183,365. The stock has a market capitalization of $11.90 billion, a PE ratio of 24.71, a PEG ratio of 0.77 and a beta of 1.30. Akzo Nobel has a 52 week low of $19.40 and a 52 week high of $27.99. The company has a 50 day moving average price of $21.45 and a two-hundred day moving average price of $21.99.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Akzo Nobel had a net margin of 4.68% and a return on equity of 11.95%. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.97 billion. Equities research analysts predict that Akzo Nobel will post 1.48 EPS for the current 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.