Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Up 343.7% in May

Akzo Nobel NV (OTCMKTS:AKZOY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 50,070 shares, a growth of 343.7% from the May 14th total of 11,284 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 228,409 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

AKZOY has been the subject of several recent research reports. Citigroup initiated coverage on shares of Akzo Nobel in a research report on Friday, June 5th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

OTCMKTS AKZOY opened at $22.15 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $20.60 and a 200 day simple moving average of $21.55. The company has a market cap of $11.38 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.93 and a beta of 1.16. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $25.99.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. On average, sell-side analysts predict that Akzo Nobel will post 1.45 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.