Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Declines By 90.0%

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 20,300 shares, a decline of 90.0% from the February 28th total of 202,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 244,100 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

VLVLY has been the topic of a number of research reports. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Barclays cut shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Up 0.5 %

OTCMKTS:VLVLY traded up $0.15 during midday trading on Friday, reaching $30.61. The company had a trading volume of 54,946 shares, compared to its average volume of 200,466. The stock’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $26.86. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. AB Volvo has a 12-month low of $23.27 and a 12-month high of $33.33. The firm has a market capitalization of $62.23 billion, a price-to-earnings ratio of 13.03 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results 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, sell-side analysts anticipate that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be paid a $1.6823 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s payout ratio is 25.96%.

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.