AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Up 213.1% in December

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 26,300 shares, an increase of 213.1% from the December 15th total of 8,400 shares. Based on an average daily volume of 189,500 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY opened at $25.37 on Thursday. The business has a 50 day moving average price of $24.97 and a 200 day moving average price of $25.34. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The company has a market capitalization of $51.58 billion, a P/E ratio of 10.48 and a beta of 1.29. AB Volvo has a 1-year low of $23.27 and a 1-year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The company had revenue of $11.23 billion for the quarter. Sell-side analysts expect that AB Volvo will post 2.34 EPS 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.