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

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 26,300 shares, a growth of 213.1% from the December 31st total of 8,400 shares. Based on an average daily volume of 189,500 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several research firms have weighed in on VLVLY. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Finally, Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Up 1.1 %

AB Volvo (publ) stock traded up $0.31 during midday trading on Friday, reaching $28.37. The stock had a trading volume of 52,260 shares, compared to its average volume of 81,642. AB Volvo has a 1-year low of $23.27 and a 1-year high of $30.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.97 and a current ratio of 1.29. The firm’s fifty day simple moving average is $25.25 and its 200-day simple moving average is $25.42. The stock has a market capitalization of $57.68 billion, a P/E ratio of 12.07 and a beta of 1.29.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 28.80%. As a group, analysts expect that AB Volvo will post 2.32 EPS 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.