Thu Sep 26 14:57:48 UTC 2024: ## Short Interest in ASSA ABLOY AB (publ) Surges 73.5% in September

**Stockholm, Sweden -** Short interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZY), a leading provider of door opening and access solutions, has seen a significant increase during September. As of September 15th, short interest reached 51,700 shares, representing a 73.5% jump from the August 31st total of 29,800 shares.

The surge in short interest comes amidst a mixed outlook for the company. While Barclays downgraded ASSA ABLOY AB (publ) to a “strong sell” rating on September 5th, the company’s recent earnings report, released on July 17th, revealed that it missed analyst estimates for the quarter. Despite posting a revenue of $3.55 billion, ASSA ABLOY AB (publ) reported earnings per share of $0.17, falling short of the anticipated $0.20.

However, the company’s strong performance in terms of return on equity (15.60%) and net margin (10.02%) suggests a healthy underlying business. Analysts are currently projecting an EPS of 0.69 for the current fiscal year.

The surge in short interest may be attributed to a combination of factors, including the company’s recent earnings miss, the downgrade from Barclays, and potentially investor concerns about the overall market conditions. The days-to-cover ratio, currently at 0.3 days, indicates that the short interest could be easily covered with current trading volume.

It remains to be seen whether this short interest will persist or if investors will regain confidence in the company’s future prospects. Market analysts will be closely watching the company’s performance in the coming months for further insights.

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