Volvo Car AB (publ.) (OTCMKTS:VLVOF) Sees Significant Drop in Short Interest

Volvo Car AB (publ.) (OTCMKTS:VLVOF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 878,910 shares, a drop of 71.5% from the June 15th total of 3,086,851 shares. Based on an average trading volume of 4,189 shares, the days-to-cover ratio is presently 209.8 days.

Volvo Car AB (publ.) Stock Performance

Shares of VLVOF opened at $2.16 on Tuesday. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.64. Volvo Car AB has a one year low of $1.87 and a one year high of $3.70.

Volvo Car AB (publ.) Company Profile

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online. The company was founded in 1927 and is headquartered in Gothenburg, Sweden. Volvo Car AB (publ.) is a subsidiary of Geely Sweden Holdings AB.