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

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 6,100 shares, a decrease of 77.7% from the January 15th total of 27,400 shares. Based on an average daily volume of 134,500 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

AB Volvo (publ) Price Performance

Shares of OTCMKTS:VLVLY opened at $29.28 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $25.87 and a 200-day moving average of $25.58. The stock has a market capitalization of $59.53 billion, a PE ratio of 12.46 and a beta of 1.31. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 28.80%. On average, equities research analysts predict that AB Volvo will post 2.38 EPS for the current fiscal 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.