AB Volvo (publ) (OTCMKTS:VLVLY) Sees Significant Growth in Short Interest

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 26,300 shares, a growth of 213.1% from the December 31st total of 8,400 shares. Based on an average trading volume of 189,500 shares, the days-to-cover ratio is currently 0.1 days.

AB Volvo (publ) Stock Performance

AB Volvo (publ) stock traded up $0.31 during trading hours on Friday, reaching $28.37. 52,260 shares of the company were exchanged, compared to its average volume of 81,642. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14. The firm has a market cap of $57.68 billion, a price-to-earnings ratio of 12.07 and a beta of 1.29. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average of $25.25 and a 200 day moving average of $25.42.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results 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%. As a group, research analysts anticipate that AB Volvo will post 2.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. Finally, UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.