Short Interest in AB Volvo (OTCMKTS:VLVLY) Drops By 88.5%

AB Volvo (OTCMKTS:VLVLY) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 79,247 shares, a drop of 88.5% from the June 30th total of 686,524 shares. Based on an average daily trading volume, of 228,209 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, AB Volvo has a consensus rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of VLVLY opened at $36.35 on Friday. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The stock’s fifty day moving average is $34.21 and its 200-day moving average is $34.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a market capitalization of $73.92 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $13.09 billion during the quarter, compared to the consensus estimate of $12.92 billion. AB Volvo had a net margin of 7.60% and a return on equity of 20.11%. Equities analysts anticipate that AB Volvo will post 2.2 EPS for the current year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.