AB Volvo (publ) (OTCMKTS:VLVLY) Sees Large Growth in Short Interest

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

Analyst Upgrades and Downgrades

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

AB Volvo (publ) Stock Performance

VLVLY stock traded down $0.61 during mid-day trading on Wednesday, hitting $26.09. The company had a trading volume of 92,174 shares, compared to its average volume of 79,939. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14. The stock’s fifty day moving average price is $25.09 and its two-hundred day moving average price is $25.38. The firm has a market cap of $53.04 billion, a PE ratio of 10.78 and a beta of 1.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.97 and a current ratio of 1.29.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a return on equity of 29.41% and a net margin of 9.64%. On average, analysts forecast that AB Volvo will post 2.25 earnings per share for the current fiscal year.

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.