Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Decreases By 31.6%

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

AB Volvo (publ) Trading Up 3.2 %

Shares of VLVLY stock traded up $0.86 during trading hours on Monday, hitting $27.71. 41,490 shares of the company were exchanged, compared to its average volume of 181,693. The firm has a market cap of $56.34 billion, a P/E ratio of 11.79 and a beta of 1.24. 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 company has a 50 day simple moving average of $28.57 and a two-hundred day simple moving average of $27.00. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $33.33.

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

Analysts Set New Price Targets

Several research firms recently commented on VLVLY. Barclays cut shares of AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, March 25th. UBS Group raised shares of AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Royal Bank of Canada upgraded AB Volvo (publ) from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein assumed coverage on shares of AB Volvo (publ) in a report on Tuesday, April 1st. They issued an "underperform" rating on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

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.