Volkswagen AG (OTCMKTS:VWAPY) Sees Significant Growth in Short Interest

Volkswagen AG (OTCMKTS:VWAPY) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 209,916 shares, a growth of 206.9% from the March 15th total of 68,409 shares. Based on an average daily trading volume, of 293,474 shares, the days-to-cover ratio is presently 0.7 days.

Volkswagen Stock Down 0.2%

Shares of VWAPY opened at $10.41 on Friday. Volkswagen has a 12 month low of $9.56 and a 12 month high of $12.72. The stock’s 50-day moving average price is $10.98 and its two-hundred day moving average price is $11.26.

About Volkswagen

Volkswagen AG, trading in the U.S. as OTCMKTS:VWAPY, is a leading global automotive manufacturer based in Wolfsburg, Germany. Founded in 1937, the company has grown to become one of the largest automakers in the world by vehicle sales. Volkswagen’s product portfolio spans a diverse range of passenger cars, SUVs and light commercial vehicles under its core Volkswagen brand, as well as premium and luxury offerings through Audi, Porsche, Bentley, Bugatti and Lamborghini. Beyond passenger vehicles, the group produces heavy trucks and buses via MAN and Scania, and provides comprehensive finance, leasing and mobility services.

In recent years, Volkswagen has emphasized its transformation into a provider of sustainable mobility solutions.