ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Up 593.2% in December

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 51,300 shares, a growth of 593.2% from the November 30th total of 7,400 shares. Based on an average daily volume of 184,000 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a research report on Thursday, September 5th.

ASSA ABLOY AB (publ) Stock Up 0.6 %

OTCMKTS ASAZY opened at $14.86 on Friday. The stock has a market cap of $33.07 billion, a PE ratio of 23.97, a P/E/G ratio of 1.65 and a beta of 1.10. The business has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $15.24. ASSA ABLOY AB has a fifty-two week low of $13.18 and a fifty-two week high of $17.03. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The firm had revenue of $3.59 billion for the quarter. As a group, sell-side analysts predict that ASSA ABLOY AB will post 0.69 EPS for the current fiscal year.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.1297 per share. The ex-dividend date of this dividend was Friday, November 8th. ASSA ABLOY AB (publ)’s payout ratio is 21.21%.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.