Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Rises By 230.7%

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 71,100 shares, a growth of 230.7% from the October 15th total of 21,500 shares. Based on an average daily volume of 141,800 shares, the short-interest ratio is presently 0.5 days.

AB Volvo (publ) Price Performance

Shares of OTCMKTS VLVLY opened at $24.86 on Thursday. The business has a 50 day moving average price of $25.72 and a two-hundred day moving average price of $25.73. AB Volvo has a fifty-two week low of $21.00 and a fifty-two week high of $30.14. The firm has a market cap of $50.54 billion, a PE ratio of 10.48 and a beta of 1.33. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The business had revenue of $11.23 billion for the quarter. Sell-side analysts expect that AB Volvo will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Finally, Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AB Volvo (publ) 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.