Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Drops By 73.8%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 10,600 shares, a decline of 73.8% from the October 31st total of 40,400 shares. Based on an average trading volume of 231,100 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

ASSA ABLOY AB (publ) Price Performance

OTCMKTS:ASAZY opened at $14.92 on Thursday. The firm has a market cap of $33.20 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. ASSA ABLOY AB has a 12 month low of $12.71 and a 12 month 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. The company’s 50-day moving average price is $15.80 and its two-hundred day moving average price is $15.13.

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

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a dividend of $0.1297 per share. The ex-dividend date is 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.