AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,100 shares, a decline of 77.5% from the November 15th total of 40,500 shares. Based on an average trading volume of 215,800 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. HSBC upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

OTCMKTS:VLVLY traded down $0.23 on Friday, hitting $25.59. The stock had a trading volume of 62,743 shares, compared to its average volume of 98,254. AB Volvo has a 52-week low of $23.27 and a 52-week high of $30.14. The stock has a market cap of $52.02 billion, a price-to-earnings ratio of 10.57 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. The business’s 50-day simple moving average is $25.54 and its two-hundred day simple moving average is $25.59.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The business had revenue of $11.23 billion during the quarter. As a group, research analysts predict that AB Volvo will post 2.34 earnings per share for the current 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.