Volkswagen AG (OTCMKTS:VWAGY) Short Interest Update

Volkswagen AG (OTCMKTS:VWAGY) was the target of a significant growth in short interest during the month of 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 currently 0.7 days.

Volkswagen Stock Performance

Shares of OTCMKTS:VWAGY opened at $12.02 on Tuesday. Volkswagen has a 12-month low of $11.16 and a 12-month high of $17.35. The business has a 50 day moving average of $13.93 and a 200-day moving average of $14.19.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The firm had revenue of $81.93 billion for the quarter. As a group, analysts expect that Volkswagen will post 3.34 EPS for the current 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 a positive change from Volkswagen’s previous dividend of $0.64.

Analyst Ratings Changes

A number of equities analysts have commented on VWAGY shares. Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Morgan Stanley cut shares of Volkswagen from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.