Short Interest in Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Rises By 81.1%

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 636,192 shares, an increase of 81.1% from the March 15th total of 351,249 shares. Based on an average trading volume of 514,492 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s shares are sold short.

Volkswagen Stock Performance

Shares of VWAGY stock opened at $10.86 on Wednesday. The firm has a market cap of $54.44 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.90 and a beta of 1.03. Volkswagen has a fifty-two week low of $9.90 and a fifty-two week high of $12.83. The business’s 50 day moving average price is $11.06 and its 200-day moving average price is $11.40.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The firm had revenue of $99.97 billion for the quarter, compared to analyst estimates of $84.92 billion. Volkswagen had a return on equity of 3.43% and a net margin of 2.11%. As a group, equities analysts predict that Volkswagen will post 2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. HSBC restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Friday, January 16th. Finally, Zacks Research upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.