Volkswagen AG (OTCMKTS:VWAGY) Short Interest Down 23.4% in April

Volkswagen AG (OTCMKTS:VWAGY) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 609,900 shares, a decrease of 23.4% from the March 31st total of 796,300 shares. Based on an average trading volume of 665,100 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley raised Volkswagen from an “underweight” rating to an “equal weight” rating in a research report on Friday, April 25th. UBS Group raised Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Volkswagen currently has an average rating of “Moderate Buy”.

Volkswagen Stock Up 0.4 %

Shares of OTCMKTS VWAGY opened at $11.13 on Friday. The stock has a market cap of $55.79 billion, a PE ratio of 4.22, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. Volkswagen has a 52-week low of $8.57 and a 52-week high of $15.44. The business has a 50-day moving average price of $10.91 and a 200 day moving average price of $10.09.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. The company had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $86.25 billion. Sell-side analysts anticipate that Volkswagen will post 2.53 earnings per share for the current year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.