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

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a large 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 daily volume of 189,500 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

AB Volvo (publ) Price Performance

Shares of OTCMKTS:VLVLY opened at $28.06 on Thursday. The business’s 50 day moving average is $25.09 and its 200-day moving average is $25.38. 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 firm has a market capitalization of $57.05 billion, a PE ratio of 11.60 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 Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 29.41% and a net margin of 9.64%. Sell-side analysts predict that AB Volvo will post 2.25 earnings per share 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.