Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Grows By 24.7%

Volkswagen AG (OTCMKTS:VWAGY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 463,400 shares, a growth of 24.7% from the November 30th total of 371,500 shares. Based on an average daily volume of 1,142,900 shares, the short-interest ratio is currently 0.4 days.

Volkswagen Stock Performance

VWAGY opened at $9.36 on Tuesday. The stock has a market capitalization of $46.92 billion, a price-to-earnings ratio of 3.55, a PEG ratio of 1.03 and a beta of 1.37. The company has a fifty day moving average of $9.32 and a 200 day moving average of $10.65. Volkswagen has a fifty-two week low of $8.57 and a fifty-two week high of $16.48.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $86.25 billion during the quarter. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. On average, equities research analysts forecast that Volkswagen will post 2.53 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada downgraded shares of Volkswagen from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 6th. Barclays raised Volkswagen to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Dbs Bank raised Volkswagen to a “hold” rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.