Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Grows By 21.9%

Volkswagen AG (OTCMKTS:VWAGY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 441,500 shares, a growth of 21.9% from the May 31st total of 362,200 shares. Based on an average daily trading volume, of 619,300 shares, the short-interest ratio is presently 0.7 days.

Volkswagen Trading Down 0.4 %

VWAGY stock opened at $11.92 on Friday. Volkswagen has a 12-month low of $11.16 and a 12-month high of $17.35. The company has a 50 day moving average of $13.93 and a two-hundred day moving average of $14.19.

Volkswagen (OTCMKTS:VWAGY) last released its earnings results on Monday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Volkswagen had a net margin of 4.44% and a return on equity of 7.68%. The company had revenue of $81.93 billion during the quarter. Equities research analysts expect that Volkswagen will post 3.34 EPS for the current fiscal year.

Volkswagen Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $0.6401 per share. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Volkswagen’s previous dividend of $0.64.

Analysts Set New Price Targets

A number of analysts recently weighed in on VWAGY shares. Morgan Stanley cut shares of Volkswagen from an “equal weight” rating to an “underweight” rating in a report on Monday, May 20th. Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.