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

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

Analysts Set New Price Targets

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

AB Volvo (publ) Stock Up 0.7 %

VLVLY stock opened at $24.78 on Wednesday. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week 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 capitalization of $50.38 billion, a price-to-earnings ratio of 10.24 and a beta of 1.29. The business’s fifty day moving average price is $24.97 and its two-hundred day moving average price is $25.34.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. The business had revenue of $11.23 billion for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. On average, equities analysts anticipate that AB Volvo will post 2.34 earnings per share for the current year.

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.