AB Volvo (publ) (OTCMKTS:VLVLY) Sees Large Decrease in Short Interest

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,100 shares, a drop of 77.7% from the January 15th total of 27,400 shares. Based on an average daily volume of 134,500 shares, the short-interest ratio is currently 0.0 days.

AB Volvo (publ) Price Performance

Shares of OTCMKTS VLVLY opened at $30.05 on Friday. AB Volvo has a twelve month low of $23.27 and a twelve month high of $30.14. The firm has a market cap of $61.09 billion, a P/E ratio of 12.79 and a beta of 1.31. The company has a 50 day moving average of $25.87 and a 200 day moving average of $25.58. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.86.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 28.80%. As a group, research analysts expect that AB Volvo will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

VLVLY has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, UBS Group upgraded shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

AB Volvo (publ) 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.