AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 17,100 shares, a drop of 15.8% from the March 15th total of 20,300 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 122,100 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

VLVLY has been the subject of a number of recent analyst reports. Barclays lowered shares of AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Royal Bank of Canada upgraded AB Volvo (publ) from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Sanford C. Bernstein assumed coverage on AB Volvo (publ) in a research report on Tuesday, April 1st. They set an "underperform" rating for the company. Finally, UBS Group raised AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

AB Volvo (publ) Stock Up 1.4 %

OTCMKTS VLVLY traded up $0.38 on Friday, reaching $27.35. The stock had a trading volume of 58,280 shares, compared to its average volume of 186,734. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33. The business has a 50 day moving average price of $28.92 and a 200 day moving average price of $26.92. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $55.61 billion, a price-to-earnings ratio of 11.64 and a beta of 1.19.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.10). The firm had revenue of $12.79 billion during the quarter, compared to analyst estimates of $131.15 billion. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. On average, analysts forecast that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 24th. Investors of record on Friday, April 4th were paid a $1.6823 dividend. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from AB Volvo (publ)'s previous dividend of $0.72. AB Volvo (publ)'s payout ratio is presently 28.94%.

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.