ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Sees Large Decline in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 5,700 shares, a decrease of 75.3% from the March 31st total of 23,100 shares. Based on an average daily volume of 185,700 shares, the short-interest ratio is presently 0.0 days.

ASSA ABLOY AB (publ) Price Performance

ASAZY traded up $0.18 during midday trading on Friday, hitting $13.64. The stock had a trading volume of 534,253 shares, compared to its average volume of 138,632. The business has a fifty day moving average of $14.30 and a 200 day moving average of $13.29. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. ASSA ABLOY AB has a 1 year low of $10.17 and a 1 year high of $15.09.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.60 billion. ASSA ABLOY AB (publ) had a return on equity of 15.70% and a net margin of 10.02%. Equities research analysts forecast that ASSA ABLOY AB will post 0.69 EPS for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be paid a $0.1316 dividend. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.11. The ex-dividend date is Thursday, April 25th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is presently 20.97%.

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.