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

AB Volvo (publ) (OTCMKTS:VLVLY) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 60,200 shares, an increase of 886.9% from the January 31st total of 6,100 shares. Based on an average trading volume of 91,600 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Down 2.3 %

Shares of VLVLY opened at $31.35 on Friday. The stock has a market capitalization of $63.73 billion, a PE ratio of 13.34 and a beta of 1.30. AB Volvo has a 1 year low of $23.27 and a 1 year high of $32.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28. The company’s 50-day simple moving average is $27.06 and its 200-day simple moving average is $26.06.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. Analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal 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.