Could AKZO NOBEL N.V. ORDINARY SHARES (OTCMKTS:AKZOF) Change Direction After More Shorts?

June 17, 2018 - By Adrian Erickson

Akzo Nobel N.V. (OTCMKTS:AKZOF) Logo

The stock of AKZO NOBEL N.V. ORDINARY SHARES (OTCMKTS:AKZOF) registered an increase of 94.91% in short interest. AKZOF’s total short interest was 222,000 shares in June as published by FINRA. Its up 94.91% from 113,900 shares, reported previously. With 300 shares average volume, it will take short sellers 740 days to cover their AKZOF’s short positions. The short interest to AKZO NOBEL N.V. ORDINARY SHARES’s float is 0.09%.

It closed at $90.12 lastly. It is down 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Akzo Nobel N.V. produces and sells paints and coatings worldwide. The company has market cap of $22.98 billion. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials. It has a 23.33 P/E ratio. The firm offers its decorative paints under the Coral, Dulux, Flexa, Hammerite, Sadolin and Sikkens brands.

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