Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Grows By 21.9%

Volkswagen AG (OTCMKTS:VWAGY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 441,500 shares, a growth of 21.9% from the May 31st total of 362,200 shares. Based on an average daily trading volume, of 619,300 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Several research firms have recently commented on VWAGY. Morgan Stanley lowered shares of Volkswagen from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 20th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Volkswagen Stock Performance

Shares of OTCMKTS VWAGY opened at $11.92 on Friday. Volkswagen has a 1 year low of $11.16 and a 1 year high of $17.35. The firm’s 50 day moving average price is $13.93 and its 200 day moving average price is $14.19.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Monday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Volkswagen had a net margin of 4.44% and a return on equity of 7.68%. The firm had revenue of $81.93 billion for the quarter. On average, equities research analysts forecast that Volkswagen will post 3.34 earnings per share for the current fiscal year.

Volkswagen Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6401 per share. The ex-dividend date was Friday, May 31st. This is a positive change from Volkswagen’s previous dividend of $0.64.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.