ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Short Interest Down 75.3% in April

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) saw a large decrease in short interest in 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 days-to-cover ratio is presently 0.0 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of OTCMKTS:ASAZY traded up $0.17 during midday trading on Friday, reaching $13.64. The company’s stock had a trading volume of 611,288 shares, compared to its average volume of 99,068. The business has a 50 day moving average price of $14.30 and a 200 day moving average price of $13.31. ASSA ABLOY AB has a 1 year low of $10.17 and a 1 year high of $15.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.68.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. ASSA ABLOY AB (publ) had a return on equity of 15.70% and a net margin of 10.02%. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Equities research analysts predict that ASSA ABLOY AB will post 0.68 earnings per share for the current year.

ASSA ABLOY AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a $0.1316 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from ASSA ABLOY AB (publ)’s previous dividend of $0.11. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is 25.81%.

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.