Volkswagen AG (OTCMKTS:VWAGY) Short Interest Down 17.8% in September

Volkswagen AG (OTCMKTS:VWAGY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 409,500 shares, a decrease of 17.8% from the August 31st total of 498,100 shares. Based on an average daily volume of 1,036,500 shares, the days-to-cover ratio is presently 0.4 days.

Volkswagen Stock Performance

Shares of VWAGY stock opened at $11.44 on Friday. Volkswagen has a 1 year low of $10.22 and a 1 year high of $16.48. The business’s fifty day moving average is $11.24 and its 200-day moving average is $13.10. The stock has a market cap of $57.35 billion, a PE ratio of 3.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.41.

Volkswagen (OTCMKTS:VWAGY) last released its earnings results on Thursday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter. Volkswagen had a return on equity of 7.79% and a net margin of 4.60%. The firm had revenue of $89.71 billion for the quarter. Equities research analysts predict that Volkswagen will post 3.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Volkswagen to a “strong-buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Volkswagen currently has an average rating of “Hold”.

About Volkswagen

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.