Akzo Nobel (OTCMKTS:AKZOY) Short Interest Down 52.0% in October

Akzo Nobel (OTCMKTS:AKZOY – Get Rating) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 55,900 shares, a drop of 52.0% from the September 30th total of 116,400 shares. Based on an average daily volume of 530,800 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on AKZOY shares. Jefferies Financial Group raised Akzo Nobel from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Barclays cut their price objective on Akzo Nobel from €114.00 ($116.33) to €99.00 ($101.02) and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Kepler Capital Markets upgraded Akzo Nobel from a “reduce” rating to a “hold” rating and set a €58.00 ($59.18) price objective for the company in a research report on Thursday, October 13th. HSBC lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Redburn Partners raised shares of Akzo Nobel from a “neutral” rating to a “buy” rating in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.50.

Akzo Nobel Trading Up 1.3 %

OTCMKTS:AKZOY opened at $21.40 on Thursday. The company has a market capitalization of $11.66 billion, a P/E ratio of 20.00, a PEG ratio of 2.62 and a beta of 1.05. The firm has a fifty day simple moving average of $20.34 and a 200-day simple moving average of $23.69. Akzo Nobel has a 12 month low of $17.85 and a 12 month high of $39.50. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63.

Akzo Nobel Company Profile

(Get Rating)

Akzo Nobel NV engages in the production and sale of paints and coatings worldwide. 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 for metal, wood, and other building materials.

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