AB Volvo (publ) (OTCMKTS:VLVLY) Sees Significant Drop in Short Interest

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 17,100 shares, a decline of 15.8% from the March 15th total of 20,300 shares. Based on an average daily volume of 122,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

AB Volvo (publ) Price Performance

Shares of VLVLY traded up $0.38 during trading hours on Friday, hitting $27.35. 58,280 shares of the company were exchanged, compared to its average volume of 186,627. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. AB Volvo has a one year low of $22.55 and a one year high of $33.33. The company has a market capitalization of $55.61 billion, a PE ratio of 11.64 and a beta of 1.19. The firm has a fifty day simple moving average of $29.00 and a 200-day simple moving average of $26.91.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.10). The firm had revenue of $12.79 billion during the quarter, compared to analyst estimates of $131.15 billion. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. As a group, sell-side analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 24th. Investors of record on Friday, April 4th were paid a $1.6823 dividend. This is an increase from AB Volvo (publ)'s previous dividend of $0.72. The ex-dividend date of this dividend was Friday, April 4th. AB Volvo (publ)'s dividend payout ratio is currently 28.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays cut shares of AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Sanford C. Bernstein initiated coverage on AB Volvo (publ) in a research note on Tuesday, April 1st. They issued an "underperform" rating on the stock. UBS Group upgraded AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada raised AB Volvo (publ) from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, AB Volvo (publ) has a consensus rating of "Moderate Buy".

About AB Volvo (publ)

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.