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

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 11,700 shares, a decline of 31.6% from the March 31st total of 17,100 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 368,200 shares, the short-interest ratio is presently 0.0 days.

AB Volvo (publ) Price Performance

Shares of VLVLY traded up $0.86 during trading hours on Friday, reaching $27.71. 41,490 shares of the stock traded hands, compared to its average volume of 181,693. The company has a market cap of $56.34 billion, a P/E ratio of 11.79 and a beta of 1.19. 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's 50-day moving average price is $28.65 and its two-hundred day moving average price is $26.96. AB Volvo has a 52-week low of $22.55 and a 52-week high of $33.33.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VLVLY shares. UBS Group raised AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays lowered shares of AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research report 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 note on Tuesday, April 15th. Finally, Sanford C. Bernstein started coverage on AB Volvo (publ) in a research note on Tuesday, April 1st. They issued an "underperform" rating for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, AB Volvo (publ) currently has a consensus rating of "Moderate Buy".

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.