AB Volvo (OTCMKTS:VLVLY) Short Interest Down 82.9% in September

Key Points

• AB Volvo experienced an 82.9% decrease in short interest in September, dropping to 2,400 shares from 14,000 shares.
• The company's stock has a **market cap** of $57.26 billion, with a PE ratio of 13.35 and shares open at $28.16.
• AB Volvo reported **earnings per share (EPS)** of $0.69, surpassing estimates of $0.53, and its revenue for the quarter was $12.59 billion.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,400 shares, a decrease of 82.9% from the September 15th total of 14,000 shares. Based on an average daily volume of 104,600 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 104,600 shares, the days-to-cover ratio is currently 0.0 days.

AB Volvo Stock Performance

Shares of OTCMKTS:VLVLY opened at $28.16 on Friday. The firm has a market cap of $57.26 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 3.94 and a beta of 1.16. The firm's 50 day simple moving average is $29.51 and its 200-day simple moving average is $28.17. AB Volvo has a one year low of $22.55 and a one year high of $33.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 1.11.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. The company had revenue of $12.59 billion for the quarter, compared to analyst estimates of $122.35 billion. AB Volvo had a net margin of 8.90% and a return on equity of 23.77%. As a group, equities analysts predict that AB Volvo will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

VLVLY has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of AB Volvo from a "strong sell" rating to a "hold" rating in a research report on Monday. The Goldman Sachs Group lowered shares of AB Volvo from a "buy" rating to a "neutral" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

About AB Volvo

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.

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