Volkswagen AG (OTCMKTS:VWAGY) Short Interest Up 32.9% in March

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

Analyst Ratings Changes

VWAGY has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of Volkswagen in a research report on Thursday, April 3rd. UBS Group raised Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Volkswagen Stock Up 2.3 %

VWAGY opened at $10.39 on Friday. The business’s fifty day simple moving average is $10.84 and its 200 day simple moving average is $10.07. Volkswagen has a 52 week low of $8.57 and a 52 week high of $15.44. The firm has a market cap of $52.08 billion, a P/E ratio of 3.94, a PEG ratio of 1.03 and a beta of 1.31.

About Volkswagen

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.