Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Short Interest Up 71.9% in August

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 953,200 shares, agrowthof71.9% from the July 31st total of 554,600 shares. Based on an average trading volume of 538,300 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 538,300 shares, the days-to-cover ratio is presently 1.8 days.

Volkswagen Stock Performance

OTCMKTS VWAGY opened at $11.83 on Friday. The firm has a market cap of $59.30 billion, a PE ratio of 6.54, a P/E/G ratio of 0.74 and a beta of 1.27. Volkswagen has a one year low of $8.57 and a one year high of $12.29. The firm’s fifty day moving average is $11.34 and its two-hundred day moving average is $11.04.

Volkswagen (OTCMKTS:VWAGY) last issued its earnings results on Friday, July 25th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.08). The firm had revenue of $94.79 billion during the quarter, compared to analysts’ expectations of $76.90 billion. Volkswagen had a net margin of 2.57% and a return on equity of 4.21%. Research analysts predict that Volkswagen will post 2.53 earnings per share for the current year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.