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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 29,200 shares, a decrease of 53.7% from the September 30th total of 63,100 shares. Based on an average daily volume of 147,400 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

ASSA ABLOY AB (publ) Stock Performance

Shares of OTCMKTS ASAZY traded down $0.02 during trading hours on Friday, reaching $15.67. The stock had a trading volume of 49,194 shares, compared to its average volume of 116,954. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.65 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. ASSA ABLOY AB has a fifty-two week low of $10.24 and a fifty-two week high of $17.03. The firm has a 50-day moving average of $16.03 and a 200-day moving average of $14.91.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.59 billion for the quarter. Equities research analysts predict that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be given a dividend of $0.1297 per share. The ex-dividend date of this dividend is Friday, November 8th. ASSA ABLOY AB (publ)'s payout ratio is 24.19%.

ASSA ABLOY AB (publ) Company Profile

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.