Volkswagen AG (OTCMKTS:VWAPY) Sees Large Drop in Short Interest

Volkswagen AG (OTCMKTS:VWAPY) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 89,454 shares, a decline of 57.4% from the March 31st total of 209,916 shares. Based on an average daily volume of 230,344 shares, the short-interest ratio is presently 0.4 days.

Volkswagen Stock Down 0.7%

Shares of VWAPY opened at $10.18 on Friday. The firm’s 50 day moving average is $10.65 and its 200-day moving average is $11.24. Volkswagen has a 12-month low of $9.68 and a 12-month high of $12.72.

Volkswagen Company Profile

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.