Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Sees Large Growth in Short Interest

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) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 953,200 shares, an increase of 71.9% from the July 31st total of 554,600 shares. Based on an average trading volume of 538,300 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 538,300 shares, the days-to-cover ratio is presently 1.8 days.

Volkswagen Price Performance

VWAGY traded up $0.25 on Thursday, reaching $12.23. 250,915 shares of the stock were exchanged, compared to its average volume of 205,161. The company's 50-day moving average price is $11.44 and its 200 day moving average price is $11.09. Volkswagen has a fifty-two week low of $8.57 and a fifty-two week high of $12.32. The firm has a market capitalization of $61.31 billion, a PE ratio of 6.76, a PEG ratio of 0.76 and a beta of 1.27.

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

About Volkswagen

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.