AB Volvo (publ) (OTCMKTS:VLVLY) Sees Significant Increase in Short Interest

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 29,000 shares, an increase of 84.7% from the April 30th total of 15,700 shares. Based on an average daily volume of 190,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts have commented on VLVLY shares. Barclays cut 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 shares of AB Volvo (publ) from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 15th. UBS Group raised AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein assumed coverage on AB Volvo (publ) in a report on Tuesday, April 1st. They issued an "underperform" rating for the company. Two research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY traded down $0.20 during mid-day trading on Wednesday, reaching $27.00. 71,866 shares of the stock were exchanged, compared to its average volume of 173,656. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28. The business's 50 day moving average is $27.00 and its 200-day moving average is $27.31. The company has a market capitalization of $54.90 billion, a P/E ratio of 11.49 and a beta of 1.24.

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