Assa Abloy AB (OTCMKTS:ASAZY) Stock Short Interest Report for October

Assa Abloy AB (OTCMKTS:ASAZY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 12,768 shares, a drop of 77.4% from the September 30th total of 56,607 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 375,179 shares, the days-to-cover ratio is currently 0.0 days.

Assa Abloy Stock Performance

OTCMKTS:ASAZY opened at $19.55 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. Assa Abloy has a 12-month low of $16.82 and a 12-month high of $21.98. The stock has a 50-day moving average price of $18.01 and a 200 day moving average price of $18.67. The stock has a market capitalization of $43.50 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.28 and a beta of 1.15.

Assa Abloy (OTCMKTS:ASAZY) last issued its earnings results on Tuesday, October 27th. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Assa Abloy had a return on equity of 15.83% and a net margin of 10.99%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.13 billion. Equities research analysts forecast that Assa Abloy will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ASAZY has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Assa Abloy in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Assa Abloy Company Profile

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.