Volkswagen AG (OTCMKTS:VWAGY) Short Interest Down 23.3% in November

Volkswagen AG (OTCMKTS:VWAGY) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 371,500 shares, a decrease of 23.3% from the November 15th total of 484,500 shares. Based on an average trading volume of 1,143,200 shares, the short-interest ratio is presently 0.3 days.

Volkswagen Stock Performance

VWAGY opened at $9.41 on Friday. The business’s 50 day moving average price is $9.58 and its 200 day moving average price is $11.04. The stock has a market capitalization of $47.17 billion, a PE ratio of 3.56, a P/E/G ratio of 1.03 and a beta of 1.37. Volkswagen has a one year low of $8.57 and a one year high of $16.48.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share for the quarter. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. The business had revenue of $86.25 billion during the quarter. As a group, equities research analysts forecast that Volkswagen will post 2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on VWAGY shares. Dbs Bank upgraded Volkswagen to a “hold” rating in a report on Tuesday, October 1st. Royal Bank of Canada cut Volkswagen from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 6th. Finally, Barclays upgraded Volkswagen to a “strong-buy” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.