Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Decreases By 90.0%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 20,300 shares, a drop of 90.0% from the February 28th total of 202,400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 244,100 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLVLY. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Barclays cut AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AB Volvo (publ) currently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

VLVLY traded down $0.41 on Wednesday, reaching $30.46. 62,982 shares of the stock were exchanged, compared to its average volume of 203,021. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The company’s 50-day moving average price is $29.56 and its 200 day moving average price is $26.81. The firm has a market capitalization of $61.93 billion, a PE ratio of 12.96 and a beta of 1.30. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. As a group, sell-side analysts forecast that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo (publ) Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be paid a $1.6823 dividend. The ex-dividend date is Friday, April 4th. This is a positive change from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s dividend payout ratio is presently 25.96%.

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.