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

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant increase in short interest in 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 daily volume of 189,500 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. 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, Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Four investment 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 company’s stock. According to MarketBeat, AB Volvo (publ) currently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

VLVLY stock traded down $0.61 during mid-day trading on Wednesday, reaching $26.09. 92,174 shares of the stock traded hands, compared to its average volume of 79,939. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $25.09 and a two-hundred day moving average of $25.38. The firm has a market capitalization of $53.04 billion, a PE ratio of 10.78 and a beta of 1.29. AB Volvo has a 52 week low of $23.27 and a 52 week high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.41%. As a group, equities analysts predict that AB Volvo will post 2.25 EPS 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.