AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) 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”.
View Our Latest Stock Analysis on VLVLY
AB Volvo (publ) Trading Up 1.4 %
AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) 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.
Featured Articles
- Five stocks we like better than AB Volvo (publ)
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- 3 Stocks to Consider Buying in October
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Receive News & Ratings for AB Volvo (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Volvo (publ) and related companies with MarketBeat.com's FREE daily email newsletter.