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

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

Analyst Ratings Changes

VLVLY has been the topic of a number of research reports. Barclays lowered shares of AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. UBS Group upgraded AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

AB Volvo (publ) Stock Performance

Shares of VLVLY traded down $0.47 during trading hours on Friday, hitting $30.14. The stock had a trading volume of 45,404 shares, compared to its average volume of 197,774. The firm has a 50-day moving average price of $29.86 and a 200 day moving average price of $26.92. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $33.33. The firm has a market capitalization of $61.27 billion, a price-to-earnings ratio of 12.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28.

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AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. As a group, research analysts anticipate that AB Volvo will post 2.38 EPS for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be given a dividend of $1.6823 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from AB Volvo (publ)'s previous dividend of $0.72. AB Volvo (publ)'s dividend payout ratio is currently 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.