Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Grows By 213.1%

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

Wall Street Analysts Forecast Growth

VLVLY has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised AB Volvo (publ) from a "hold" rating to a "buy" rating in a research note on Monday, October 21st. Citigroup raised AB Volvo (publ) to a "hold" rating in a research note on Friday, October 11th. Finally, UBS Group upgraded AB Volvo (publ) from a "sell" rating to a "neutral" rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

AB Volvo (publ) Stock Up 0.7 %

OTCMKTS VLVLY traded up $0.18 during trading on Tuesday, hitting $24.78. 155,301 shares of the company traded hands, compared to its average volume of 112,856. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14. The business has a fifty day simple moving average of $25.00 and a 200 day simple moving average of $25.35. The company has a market capitalization of $50.38 billion, a P/E ratio of 10.24 and a beta of 1.29. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The business had revenue of $11.23 billion for the quarter. As a group, sell-side analysts predict that AB Volvo will post 2.34 EPS 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.