AB Volvo (publ) (OTCMKTS:VLVLY) Sees Significant Growth in Short Interest

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 35,300 shares, a growth of 113.9% from the July 15th total of 16,500 shares. Based on an average daily trading volume, of 128,900 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Barclays began coverage on shares of AB Volvo (publ) in a research note on Wednesday, July 10th. They issued an “equal weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

AB Volvo (publ) Trading Up 1.4 %

Shares of VLVLY stock traded up $0.34 during mid-day trading on Tuesday, hitting $24.62. 126,961 shares of the company’s stock were exchanged, compared to its average volume of 54,384. The stock has a market cap of $50.05 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.59 and a beta of 1.34. The stock has a 50-day simple moving average of $25.46 and a two-hundred day simple moving average of $26.30. AB Volvo has a fifty-two week low of $19.26 and a fifty-two week high of $30.14. 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 released its earnings results on Thursday, July 18th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $13.12 billion during the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. Equities analysts expect that AB Volvo will post 2.45 EPS for the current fiscal year.

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.