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

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 40,500 shares, a decrease of 43.0% from the October 31st total of 71,100 shares. Based on an average daily trading volume, of 200,200 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VLVLY. UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Finally, Citigroup raised AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AB Volvo (publ) has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

Shares of OTCMKTS:VLVLY opened at $24.64 on Friday. AB Volvo has a 1-year low of $22.77 and a 1-year high of $30.14. The business has a 50-day moving average price of $25.63 and a two-hundred day moving average price of $25.64. 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 $50.09 billion, a P/E ratio of 10.18 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its earnings results on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. The firm had revenue of $11.23 billion for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. Equities analysts predict that AB Volvo will post 2.36 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.