Akzo Nobel (OTCMKTS:AKZOY) Short Interest Down 97.2% in March

Akzo Nobel (OTCMKTS:AKZOY) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,300 shares, a decline of 97.2% from the March 15th total of 259,800 shares. Based on an average trading volume of 259,200 shares, the short-interest ratio is currently 0.0 days.

Akzo Nobel Stock Down 1.4 %

Shares of AKZOY opened at $23.83 on Thursday. The company has a 50-day simple moving average of $24.49 and a 200-day simple moving average of $24.77. The firm has a market capitalization of $12.21 billion, a P/E ratio of 25.35, a P/E/G ratio of 0.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06. Akzo Nobel has a 52 week low of $21.47 and a 52 week high of $29.03.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.43%. The firm had revenue of $2.72 billion during the quarter. On average, equities research analysts expect that Akzo Nobel will post 1.46 earnings per share for the current year.

Akzo Nobel Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.4498 per share. This is a boost from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date is Monday, April 29th. Akzo Nobel’s dividend payout ratio is 95.74%.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.