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ASSA ABLOY's stock dropped, short interest surged, but the company still plans to pay a dividend.
ASSA ABLOY AB's stock fell below its 50-day moving average, trading at $14.84, and saw a 42% increase in short interest in March.
The company reported earnings of $0.18 per share, missing estimates by $0.02.
Despite the short interest surge and earnings miss, the company will pay a dividend of $0.1387 per share on May 15th.
ASSA ABLOY provides door opening and access solutions globally.
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Las acciones de ASSA ABLOY cayeron, los intereses cortos subieron, pero la compañía todavía planea pagar un dividendo.