ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Up 73.5% in September

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 51,700 shares, a growth of 73.5% from the August 31st total of 29,800 shares. Based on an average daily trading volume, of 197,500 shares, the days-to-cover ratio is presently 0.3 days.

ASSA ABLOY AB (publ) Stock Performance

OTCMKTS ASAZY traded up $0.23 on Thursday, reaching $17.01. The stock had a trading volume of 147,013 shares, compared to its average volume of 122,854. The stock has a market cap of $37.85 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. ASSA ABLOY AB has a 12-month low of $10.17 and a 12-month high of $17.03. The business's 50-day moving average price is $15.32 and its 200 day moving average price is $14.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.13.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The business had revenue of $3.55 billion for the quarter. As a group, equities analysts expect that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.