Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Expands By 32.9%

Volkswagen AG (OTCMKTS:VWAGY - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 796,300 shares, a growth of 32.9% from the March 15th total of 599,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 469,500 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VWAGY. UBS Group upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a report on Monday, March 17th. Citigroup reissued a "buy" rating on shares of Volkswagen in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Volkswagen Stock Performance

OTCMKTS VWAGY traded up $0.23 on Friday, hitting $10.39. 120,181 shares of the stock were exchanged, compared to its average volume of 257,153. Volkswagen has a 52-week low of $8.57 and a 52-week high of $15.44. The firm has a market capitalization of $52.08 billion, a P/E ratio of 3.94, a P/E/G ratio of 1.03 and a beta of 1.31. The stock has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $10.06.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.