Volkswagen AG (OTCMKTS:VWAPY) Sees Significant Growth in Short Interest

Volkswagen AG (OTCMKTS:VWAPY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 123,433 shares, an increase of 48.2% from the July 30th total of 83,303 shares. Based on an average daily volume of 133,401 shares, the days-to-cover ratio is currently 0.9 days.

Volkswagen Trading Up 0.3%

Volkswagen stock opened at $8.94 on Tuesday. The firm’s 50-day simple moving average is $8.45 and its 200 day simple moving average is $9.77. Volkswagen has a 52 week low of $7.86 and a 52 week high of $12.72.

Volkswagen Company Profile

Volkswagen AG, trading in the U.S. as OTCMKTS:VWAPY, is a leading global automotive manufacturer based in Wolfsburg, Germany. Founded in 1937, the company has grown to become one of the largest automakers in the world by vehicle sales. Volkswagen’s product portfolio spans a diverse range of passenger cars, SUVs and light commercial vehicles under its core Volkswagen brand, as well as premium and luxury offerings through Audi, Porsche, Bentley, Bugatti and Lamborghini. Beyond passenger vehicles, the group produces heavy trucks and buses via MAN and Scania, and provides comprehensive finance, leasing and mobility services.

In recent years, Volkswagen has emphasized its transformation into a provider of sustainable mobility solutions.