AB Volvo (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (OTCMKTS:VLVLY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 46,819 shares, an increase of 78.2% from the April 15th total of 26,277 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 163,157 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

AB Volvo Stock Performance

VLVLY opened at $33.45 on Monday. The firm has a market cap of $68.01 billion, a P/E ratio of 16.48, a PEG ratio of 0.74 and a beta of 1.20. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62. The company has a 50 day simple moving average of $34.11 and a two-hundred day simple moving average of $33.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The firm had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $12.42 billion. AB Volvo had a return on equity of 23.35% and a net margin of 8.32%. Equities analysts forecast that AB Volvo will post 2.33 earnings per share for the current fiscal year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.