ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Significant Drop in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw 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 daily trading volume, of 231,100 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Shares of ASAZY stock traded up $0.12 on Wednesday, hitting $14.92. 91,885 shares of the company’s stock were exchanged, compared to its average volume of 116,915. The company has a 50 day moving average of $15.80 and a 200 day moving average of $15.13. The stock has a market cap of $33.20 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. ASSA ABLOY AB has a 12 month low of $12.71 and a 12 month high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last posted its 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 company had revenue of $3.59 billion during the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. On average, equities research analysts predict that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be given a $0.1297 dividend. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 21.21%.

ASSA ABLOY AB (publ) Company Profile

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.