Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Declines By 56.1%

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 4,300 shares, a decrease of 56.1% from the March 15th total of 9,800 shares. Based on an average daily trading volume, of 70,000 shares, the short-interest ratio is currently 0.1 days.

AB Volvo (publ) Stock Down 2.4 %

VLVLY stock traded down $0.65 during mid-day trading on Thursday, reaching $26.50. The company had a trading volume of 103,192 shares, compared to its average volume of 41,626. The firm has a fifty day simple moving average of $27.45 and a 200 day simple moving average of $24.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.20. The company has a market capitalization of $53.89 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.73 and a beta of 1.40. AB Volvo has a fifty-two week low of $18.27 and a fifty-two week high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.56 earnings per share for the quarter. The business had revenue of $13.92 billion for the quarter. AB Volvo (publ) had a net margin of 9.01% and a return on equity of 28.62%. Analysts forecast that AB Volvo will post 2.27 earnings per share for the current fiscal year.

AB Volvo (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd will be issued a dividend of $0.718 per share. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from AB Volvo (publ)'s previous dividend of $0.50. AB Volvo (publ)'s dividend payout ratio (DPR) is presently 22.94%.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein lowered shares of AB Volvo (publ) from an "outperform" rating to a "market perform" rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

About AB Volvo (publ)

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.