Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Drops By 77.5%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 9,100 shares, a decrease of 77.5% from the November 15th total of 40,500 shares. Based on an average daily trading volume, of 215,800 shares, the days-to-cover ratio is presently 0.0 days.

AB Volvo (publ) Stock Performance

VLVLY traded down $0.31 during trading on Wednesday, hitting $25.88. The stock had a trading volume of 82,785 shares, compared to its average volume of 61,115. The firm has a market cap of $52.61 billion, a PE ratio of 10.69 and a beta of 1.30. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. The company has a 50 day simple moving average of $25.54 and a 200-day simple moving average of $25.59.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. The firm had revenue of $11.23 billion for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. Analysts expect that AB Volvo will post 2.34 EPS for the current year.

Wall Street Analyst Weigh In

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