Short Interest in Assa Abloy AB (OTCMKTS:ASAZY) Declines By 48.5%

Assa Abloy AB (OTCMKTS:ASAZY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 7,790 shares, a decline of 48.5% from the May 31st total of 15,113 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 982,989 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ASAZY shares. Pareto Securities upgraded shares of Assa Abloy from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Dnb Carnegie upgraded shares of Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Barclays reissued an “overweight” rating on shares of Assa Abloy in a research report on Monday, June 15th. Evercore upgraded Assa Abloy to a “hold” rating in a report on Monday, April 13th. Finally, Zacks Research raised Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Assa Abloy Trading Up 1.1%

Shares of ASAZY stock opened at $17.58 on Tuesday. Assa Abloy has a 12 month low of $15.34 and a 12 month high of $21.98. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $18.30 and its two-hundred day moving average is $19.18. The company has a market cap of $39.12 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17.

Assa Abloy (OTCMKTS:ASAZY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.88 billion. Equities analysts predict that Assa Abloy will post 0.84 EPS for the current year.

Assa Abloy Company Profile

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.