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

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 24,900 shares, a growth of 479.1% from the March 31st total of 4,300 shares. Based on an average daily volume of 131,500 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein lowered shares of AB Volvo (publ) from an "outperform" rating to a "market perform" rating in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

AB Volvo (publ) Price Performance

Shares of VLVLY stock traded down $0.46 during mid-day trading on Thursday, hitting $25.49. 43,007 shares of the stock traded hands, compared to its average volume of 45,317. 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 firm has a market cap of $51.83 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company's 50-day simple moving average is $27.70 and its 200-day simple moving average is $24.68. AB Volvo has a twelve month low of $18.27 and a twelve month high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Friday, January 26th. The company reported $0.56 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.23% and a return on equity of 29.96%. The company had revenue of $13.92 billion during the quarter. As a group, equities research analysts expect that AB Volvo will post 2.32 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd were given a $0.718 dividend. This is a positive change from AB Volvo (publ)'s previous dividend of $0.50. The ex-dividend date of this dividend was Monday, April 1st. AB Volvo (publ)'s payout ratio is 21.94%.

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.