Short Interest in Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Rises By 71.9%

Key Points

• Short interest in Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) increased by 71.9% in August, rising from 554,600 shares to 953,200 shares.
• The company's quarterly earnings report revealed an EPS of $0.49, missing analyst expectations of $0.57, while revenue surpassed estimates at $94.79 billion.
• Volkswagen's stock opened at $11.83, with a market capitalization of $59.30 billion and a P/E ratio of 6.54.

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 953,200 shares, a growth of 71.9% from the July 31st total of 554,600 shares. Based on an average daily trading volume, of 538,300 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 538,300 shares, the days-to-cover ratio is presently 1.8 days.

Volkswagen Stock Performance

Shares of OTCMKTS VWAGY traded down $0.18 during trading on Wednesday, reaching $12.01. The stock had a trading volume of 178,890 shares, compared to its average volume of 216,178. The business's 50-day moving average price is $11.40 and its 200-day moving average price is $11.07. The company has a market cap of $60.21 billion, a P/E ratio of 6.64, a PEG ratio of 0.78 and a beta of 1.27. Volkswagen has a fifty-two week low of $8.57 and a fifty-two week high of $12.32.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.08). The firm had revenue of $94.79 billion for the quarter, compared to analysts' expectations of $76.90 billion. Volkswagen had a return on equity of 4.21% and a net margin of 2.57%. Analysts forecast that Volkswagen will post 2.53 EPS for the current fiscal year.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.