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

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 6,100 shares, a decline of 77.7% from the January 15th total of 27,400 shares. Based on an average daily volume of 134,500 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VLVLY. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

VLVLY traded up $0.22 during trading hours on Wednesday, reaching $29.28. The company’s stock had a trading volume of 41,084 shares, compared to its average volume of 75,109. The company’s 50-day moving average is $25.80 and its 200-day moving average is $25.55. AB Volvo has a 52 week low of $23.27 and a 52 week high of $30.14. The firm has a market cap of $59.53 billion, a PE ratio of 12.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.97 and a current ratio of 1.29.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 28.80%. On average, equities analysts forecast that AB Volvo will post 2.38 EPS for the current 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.