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

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 71,100 shares, an increase of 230.7% from the October 15th total of 21,500 shares. Based on an average daily volume of 141,800 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

A number of research analysts have commented on VLVLY shares. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Citigroup raised AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Finally, Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Down 2.6 %

Shares of AB Volvo (publ) stock opened at $25.37 on Wednesday. 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 firm has a market cap of $51.58 billion, a P/E ratio of 10.76 and a beta of 1.33. AB Volvo has a fifty-two week low of $20.35 and a fifty-two week high of $30.14. The business has a 50-day moving average price of $25.73 and a 200 day moving average price of $25.73.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. The firm had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. On average, sell-side analysts forecast that AB Volvo will post 2.44 earnings per share for the current fiscal year.

AB Volvo (publ) Company Profile

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.