Short Interest in Volvo Car AB (publ.) (OTCMKTS:VLVOF) Grows By 312.3%

Volvo Car AB (publ.) (OTCMKTS:VLVOF) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 3,623,426 shares, an increase of 312.3% from the June 30th total of 878,910 shares. Based on an average daily trading volume, of 1,406 shares, the short-interest ratio is presently 2,577.1 days.

Volvo Car AB (publ.) Stock Performance

VLVOF stock opened at $1.94 on Friday. The firm has a 50 day moving average of $2.21 and a 200-day moving average of $2.56. Volvo Car AB has a 12-month low of $1.87 and a 12-month high of $3.70.

Volvo Car AB (publ.) Company Profile

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online. The company was founded in 1927 and is headquartered in Gothenburg, Sweden. Volvo Car AB (publ.) is a subsidiary of Geely Sweden Holdings AB.