Short Interest in AB Volvo (OTCMKTS:VLVLY) Drops By 40.1%

AB Volvo (OTCMKTS:VLVLY) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 34,604 shares, a decline of 40.1% from the November 30th total of 57,748 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 156,110 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 156,110 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

VLVLY has been the topic of several analyst reports. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. The Goldman Sachs Group cut shares of AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft cut shares of AB Volvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

AB Volvo Stock Up 0.2%

VLVLY stock opened at $31.97 on Friday. The stock has a market capitalization of $65.01 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 6.92 and a beta of 1.14. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $29.30 and a 200 day moving average of $29.01.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 17th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). AB Volvo had a return on equity of 22.66% and a net margin of 8.47%.The company had revenue of $11.75 billion during the quarter, compared to analysts’ expectations of $115.79 billion. Sell-side analysts forecast that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.