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

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 16,500 shares, a decrease of 26.0% from the June 30th total of 22,300 shares. Based on an average daily trading volume, of 118,500 shares, the short-interest ratio is currently 0.1 days.

AB Volvo (publ) Stock Performance

AB Volvo (publ) stock opened at $25.20 on Friday. The firm has a 50 day simple moving average of $25.95 and a 200-day simple moving average of $26.23. AB Volvo has a 1-year low of $19.26 and a 1-year high of $30.14. 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 stock has a market cap of $51.23 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.61 and a beta of 1.34.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $13.12 billion during the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. On average, analysts expect that AB Volvo will post 2.46 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays started coverage on shares of AB Volvo (publ) in a research note on Wednesday, July 10th. They issued an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.