Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Drops By 33.1%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 23,000 shares, a drop of 33.1% from the August 15th total of 34,400 shares. Based on an average daily volume of 99,700 shares, the days-to-cover ratio is currently 0.2 days.

AB Volvo (publ) Price Performance

Shares of AB Volvo (publ) stock traded up $0.34 on Monday, reaching $24.89. 53,900 shares of the stock were exchanged, compared to its average volume of 56,403. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. The firm has a market cap of $50.60 billion, a PE ratio of 10.50, a P/E/G ratio of 0.60 and a beta of 1.33. The firm’s 50 day moving average is $25.29 and its 200-day moving average is $26.30. AB Volvo has a one year low of $19.26 and a one year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Thursday, July 18th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The business had revenue of $13.12 billion during the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. As a group, analysts anticipate that AB Volvo will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Finally, Barclays assumed coverage on AB Volvo (publ) in a report on Wednesday, July 10th. They set an “equal weight” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.