Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Rises By 236.2%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 202,400 shares, a growth of 236.2% from the February 13th total of 60,200 shares. Based on an average daily volume of 936,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

AB Volvo (publ) Stock Performance

Shares of VLVLY opened at $31.41 on Thursday. AB Volvo has a 52 week low of $23.27 and a 52 week high of $33.33. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The stock has a market cap of $63.86 billion, a P/E ratio of 13.37 and a beta of 1.30. The business’s 50 day moving average price is $28.44 and its 200-day moving average price is $26.48.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. Equities research analysts anticipate that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo (publ) Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VLVLY. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

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.