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

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a large decrease in short interest in 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 trading volume of 200,200 shares, the short-interest ratio is currently 0.2 days.

AB Volvo (publ) Price Performance

VLVLY traded up $0.39 during midday trading on Thursday, hitting $24.64. The company had a trading volume of 74,211 shares, compared to its average volume of 60,597. AB Volvo has a twelve month low of $22.77 and a twelve month high of $30.14. The firm’s 50-day simple moving average is $25.66 and its 200-day simple moving average is $25.65. The company has a market capitalization of $50.09 billion, a PE ratio of 10.18 and a beta of 1.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. The business 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 research analysts predict that AB Volvo will post 2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on VLVLY shares. UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report 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. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. Finally, Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About AB Volvo (publ)

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.