Short Interest in AB Volvo (OTCMKTS:VLVLY) Drops By 82.9%

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,400 shares, a decline of 82.9% from the September 15th total of 14,000 shares. Based on an average daily volume of 104,600 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 104,600 shares, the short-interest ratio is currently 0.0 days.

AB Volvo Stock Down 6.4%

Shares of VLVLY stock opened at $26.36 on Friday. AB Volvo has a 12 month low of $22.55 and a 12 month high of $33.33. The stock has a market cap of $53.60 billion, a P/E ratio of 12.99, a P/E/G ratio of 3.79 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88. The company has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $28.14.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). AB Volvo had a net margin of 8.90% and a return on equity of 23.77%. The business had revenue of $11.75 billion for the quarter, compared to analysts’ expectations of $115.79 billion. On average, research analysts expect that AB Volvo will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. The Goldman Sachs Group cut shares of AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo 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.