Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Drops By 68.5%

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 9,800 shares, a drop of 68.5% from the February 29th total of 31,100 shares. Based on an average daily trading volume, of 77,700 shares, the days-to-cover ratio is presently 0.1 days.

AB Volvo (publ) Stock Down 0.5 %

OTCMKTS:VLVLY opened at $29.86 on Thursday. The firm’s 50 day simple moving average is $26.55 and its 200 day simple moving average is $23.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.20 and a quick ratio of 0.88. AB Volvo has a one year low of $17.94 and a one year high of $30.14. The company has a market cap of $60.72 billion, a PE ratio of 12.99, a P/E/G ratio of 0.79 and a beta of 1.40.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, January 26th. The company reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $13.92 billion for the quarter. AB Volvo (publ) had a net margin of 9.01% and a return on equity of 28.62%. On average, research analysts anticipate that AB Volvo will post 2.27 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.718 per share. The ex-dividend date is Monday, April 1st. This is a positive change from AB Volvo (publ)’s previous dividend of $0.50. AB Volvo (publ)’s payout ratio is 22.51%.

Analyst Ratings Changes

VLVLY has been the topic of several recent analyst reports. BNP Paribas lowered shares of AB Volvo (publ) from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 6th. Sanford C. Bernstein downgraded shares of AB Volvo (publ) from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.