AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 71,100 shares, an increase of 230.7% from the October 15th total of 21,500 shares. Based on an average trading volume of 141,800 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Citigroup raised AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. Finally, Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AB Volvo (publ) has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Down 2.6 %

VLVLY opened at $25.37 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The business has a 50 day simple moving average of $25.73 and a 200-day simple moving average of $25.73. The stock has a market capitalization of $51.58 billion, a P/E ratio of 10.76 and a beta of 1.33. AB Volvo has a 12 month low of $20.35 and a 12 month high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The firm had revenue of $11.23 billion during the quarter. On average, equities analysts anticipate that AB Volvo will post 2.44 earnings per share for the current fiscal year.

About AB Volvo (publ)

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.