Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Short Interest Update

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 351,249 shares, a growth of 37.0% from the February 26th total of 256,295 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 514,122 shares, the short-interest ratio is presently 0.7 days.

Volkswagen Stock Performance

VWAGY opened at $10.08 on Monday. The stock has a market capitalization of $50.53 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 0.85 and a beta of 1.14. The company has a fifty day moving average of $11.46 and a 200 day moving average of $11.48. Volkswagen has a fifty-two week low of $9.20 and a fifty-two week high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. The business had revenue of $99.97 billion for the quarter, compared to analysts’ expectations of $84.92 billion. Volkswagen had a net margin of 2.11% and a return on equity of 3.46%. On average, equities research analysts forecast that Volkswagen will post 2.53 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on VWAGY shares. HSBC reissued a “buy” rating on shares of Volkswagen in a report on Tuesday, January 13th. Zacks Research upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.