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

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant drop in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 228,209 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of VLVLY opened at $36.35 on Friday. The business’s 50-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 current ratio of 1.19 and a quick ratio of 0.91. The company has a market capitalization of $73.92 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 0.82 and a beta of 1.19. AB Volvo has a fifty-two week low of $26.11 and a fifty-two week high of $39.62.

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

About AB Volvo

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.