Volkswagen AG (OTCMKTS:VWAPY) Sees Significant Drop in Short Interest

Volkswagen AG (OTCMKTS:VWAPY) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 57,300 shares, a drop of 64.8% from the February 13th total of 162,700 shares. Based on an average daily volume of 351,600 shares, the days-to-cover ratio is currently 0.2 days.

Volkswagen Stock Down 2.9 %

Shares of OTCMKTS:VWAPY traded down $0.35 during trading on Friday, hitting $11.58. 96,058 shares of the company’s stock were exchanged, compared to its average volume of 154,782. The firm has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $9.78. Volkswagen has a 1-year low of $8.36 and a 1-year high of $13.92.

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.