Volvo Car AB (publ.) (OTCMKTS:VLVOF) Short Interest Up 67.7% in August

Volvo Car AB (publ.) (OTCMKTS:VLVOF) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,799,928 shares, a growth of 67.7% from the July 30th total of 3,457,626 shares. Based on an average daily trading volume, of 1,060 shares, the days-to-cover ratio is presently 5,471.6 days.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “sell” rating on shares of Volvo Car AB (publ.) in a research note on Tuesday, August 4th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Volvo Car AB (publ.) presently has an average rating of “Strong Sell”.

Volvo Car AB (publ.) Stock Performance

Shares of OTCMKTS:VLVOF opened at $2.01 on Wednesday. Volvo Car AB has a twelve month low of $1.87 and a twelve month high of $3.70. The business has a fifty day moving average of $2.03 and a 200-day moving average of $2.31.

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.