Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Declines By 75.8%

AB Volvo (publ) (OTCMKTS:VLVLYGet Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,200 shares, a drop of 75.8% from the December 31st total of 13,200 shares. Based on an average daily trading volume, of 96,300 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas lowered AB Volvo (publ) from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

View Our Latest Stock Report on AB Volvo (publ)

AB Volvo (publ) Trading Up 0.9 %

VLVLY stock traded up $0.21 during trading on Friday, hitting $24.21. 52,191 shares of the company traded hands, compared to its average volume of 49,222. The firm has a market capitalization of $49.23 billion, a PE ratio of 11.62, a P/E/G ratio of 0.68 and a beta of 1.38. AB Volvo has a 1 year low of $17.94 and a 1 year high of $26.36. The company has a 50-day moving average of $24.22 and a 200-day moving average of $21.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.20.

AB Volvo (publ) Company Profile

(Get Free Report)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands.

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