Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Down 49.1% in August

Akzo Nobel NV (OTCMKTS:AKZOY) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 25,013 shares, a drop of 49.1% from the July 30th total of 49,095 shares. Based on an average daily volume of 67,019 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Akzo Nobel Price Performance

Shares of OTCMKTS:AKZOY opened at $24.13 on Monday. The firm has a 50 day moving average of $23.00 and a 200-day moving average of $21.70. Akzo Nobel has a 12 month low of $18.04 and a 12 month high of $25.99. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $12.39 billion, a PE ratio of 16.87, a PEG ratio of 1.94 and a beta of 1.17.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. On average, equities research analysts predict that Akzo Nobel will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AKZOY shares. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Finally, Citigroup started coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.