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

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 23,000 shares, a decline of 33.1% from the August 15th total of 34,400 shares. Based on an average daily trading volume, of 99,700 shares, the days-to-cover ratio is currently 0.2 days.

AB Volvo (publ) Stock Performance

VLVLY stock traded up $0.34 during mid-day trading on Monday, hitting $24.89. 53,900 shares of the company were exchanged, compared to its average volume of 56,403. AB Volvo has a 1-year low of $19.26 and a 1-year high of $30.14. The business has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $26.30. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $50.60 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The business had revenue of $13.12 billion during the quarter. On average, equities analysts forecast that AB Volvo will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

VLVLY has been the topic of several recent research reports. Barclays assumed coverage on shares of AB Volvo (publ) in a research report on Wednesday, July 10th. They issued an “equal weight” rating on the stock. HSBC upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.