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

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 20,300 shares, a decrease of 90.0% from the February 28th total of 202,400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 244,100 shares, the short-interest ratio is presently 0.1 days.

AB Volvo (publ) Stock Down 1.3 %

Shares of OTCMKTS:VLVLY opened at $30.46 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The firm has a fifty day moving average price of $29.66 and a 200 day moving average price of $26.83. The stock has a market cap of $61.93 billion, a P/E ratio of 12.96 and a beta of 1.30. AB Volvo has a 1-year low of $23.27 and a 1-year high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. Sell-side analysts predict that AB Volvo will post 2.38 EPS for the current year.

AB Volvo (publ) Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be given a dividend of $1.6823 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s dividend payout ratio (DPR) is 25.96%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VLVLY shares. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Barclays cut shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday. Finally, UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.