Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Increases By 213.1%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 26,300 shares, an increase of 213.1% from the December 15th total of 8,400 shares. Based on an average daily volume of 189,500 shares, the short-interest ratio is currently 0.1 days.

AB Volvo (publ) Price Performance

Shares of OTCMKTS:VLVLY opened at $25.37 on Thursday. The company has a market cap of $51.58 billion, a PE ratio of 10.48 and a beta of 1.29. The firm has a 50-day simple moving average of $24.97 and a 200 day simple moving average of $25.34. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $30.14. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The business had revenue of $11.23 billion during the quarter. On average, sell-side analysts anticipate that AB Volvo will post 2.34 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on VLVLY. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. Finally, UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.