Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Declines By 23.4%

Volkswagen AG (OTCMKTS:VWAGY - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 609,900 shares, a drop of 23.4% from the March 31st total of 796,300 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 665,100 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VWAGY. Sanford C. Bernstein upgraded Volkswagen to a "hold" rating in a research note on Thursday, May 1st. Citigroup reissued a "buy" rating on shares of Volkswagen in a report on Thursday, April 3rd. Morgan Stanley raised shares of Volkswagen from an "underweight" rating to an "equal weight" rating in a research note on Friday, April 25th. Finally, UBS Group upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a research note on Monday, March 17th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold".

Volkswagen Stock Performance

Shares of OTCMKTS:VWAGY traded up $0.03 during midday trading on Tuesday, reaching $11.12. 65,217 shares of the company's stock traded hands, compared to its average volume of 246,088. The company has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $10.10. Volkswagen has a 1 year low of $8.57 and a 1 year high of $15.44. The company has a market cap of $55.74 billion, a P/E ratio of 4.21, a PEG ratio of 1.03 and a beta of 1.30.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The company had revenue of $88.29 billion during the quarter, compared to analyst estimates of $86.25 billion. As a group, research 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.