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

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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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