Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Drops By 12.6%

Volkswagen AG (OTCMKTS:VWAGY) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 599,100 shares, a decrease of 12.6% from the February 28th total of 685,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 600,800 shares, the short-interest ratio is presently 1.0 days.

Volkswagen Stock Down 0.6 %

OTCMKTS:VWAGY opened at $10.27 on Wednesday. The stock’s fifty day moving average is $10.90 and its two-hundred day moving average is $10.16. Volkswagen has a 52 week low of $8.57 and a 52 week high of $16.48. The company has a market capitalization of $51.48 billion, a P/E ratio of 3.89, a P/E/G ratio of 1.03 and a beta of 1.36.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Volkswagen currently has a consensus rating of “Hold”.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.