AB Volvo (OTCMKTS:VLVLY) Sees Significant Increase in Short Interest

AB Volvo (OTCMKTS:VLVLY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,800 shares, an increase of 266.7% from the September 30th total of 2,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 155,500 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 155,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

AB Volvo Stock Performance

Shares of VLVLY stock opened at $27.71 on Thursday. The company has a market cap of $56.35 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 7.52 and a beta of 1.16. The stock has a 50 day simple moving average of $28.96 and a 200-day simple moving average of $28.33. AB Volvo has a 12-month low of $22.55 and a 12-month high of $33.33. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, October 17th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). The firm had revenue of $11.75 billion during the quarter, compared to analyst estimates of $115.79 billion. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%. On average, equities analysts forecast that AB Volvo will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Zacks Research downgraded AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, The Goldman Sachs Group downgraded AB Volvo from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

AB Volvo 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.