Volkswagen AG (OTCMKTS:VWAGY - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 409,500 shares, a decrease of 17.8% from the August 31st total of 498,100 shares. Based on an average daily volume of 1,036,500 shares, the short-interest ratio is currently 0.4 days.
Volkswagen Stock Up 1.1 %
Shares of VWAGY traded up $0.12 during mid-day trading on Friday, reaching $11.44. 276,543 shares of the company's stock were exchanged, compared to its average volume of 283,640. Volkswagen has a 52-week low of $10.22 and a 52-week high of $16.48. The company has a market cap of $57.35 billion, a price-to-earnings ratio of 3.46, a PEG ratio of 1.01 and a beta of 1.41. The company has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $13.07.
Volkswagen (OTCMKTS:VWAGY - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.67 earnings per share for the quarter. Volkswagen had a return on equity of 7.79% and a net margin of 4.60%. The company had revenue of $89.71 billion during the quarter. As a group, equities research analysts predict that Volkswagen will post 3.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Barclays raised Volkswagen to a "strong-buy" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".
Get Our Latest Stock Analysis on VWAGY
About Volkswagen
(
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Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.
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