AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Up 886.9% in February

AB Volvo (publ) (OTCMKTS:VLVLY) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 60,200 shares, a growth of 886.9% from the January 31st total of 6,100 shares. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 0.7 days.

AB Volvo (publ) Trading Down 2.0 %

OTCMKTS:VLVLY opened at $30.74 on Friday. The company has a fifty day moving average of $27.19 and a 200 day moving average of $26.10. AB Volvo has a 52 week low of $23.27 and a 52 week high of $32.29. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $62.49 billion, a P/E ratio of 13.08 and a beta of 1.31.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. On average, research analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VLVLY shares. 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. UBS Group upgraded shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “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.