Short Interest in AB Volvo (OTCMKTS:VLVLY) Rises By 76.1%

Key Points

• Short Interest Surge: Short interest in AB Volvo increased by 76.1% in August, reaching a total of 23,600 shares by the end of the month.
• Market Rating Changes: Goldman Sachs downgraded AB Volvo from a "buy" rating to a "neutral" rating; currently, the stock has a consensus rating of "Hold."
• Quarterly Earnings Report: AB Volvo reported an EPS of $0.69 for the last quarter, exceeding analysts' estimates of $0.53.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 23,600 shares, a growth of 76.1% from the August 15th total of 13,400 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 100,400 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 100,400 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company's shares are short sold.

AB Volvo Price Performance

Shares of VLVLY opened at $29.31 on Monday. The company has a market cap of $59.61 billion, a P/E ratio of 13.89, a PEG ratio of 4.10 and a beta of 1.16. The stock has a fifty day moving average price of $29.39 and a 200 day moving average price of $28.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.11 and a quick ratio of 0.86. AB Volvo has a 12 month low of $22.55 and a 12 month high of $33.33.

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

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered AB Volvo from a "buy" rating to a "neutral" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

AB Volvo 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.

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