AB Volvo (OTCMKTS:VLVLY) Short Interest Down 88.5% in July

AB Volvo (OTCMKTS:VLVLY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 79,247 shares, a decline of 88.5% from the June 30th total of 686,524 shares. Based on an average trading volume of 228,209 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

AB Volvo Price Performance

Shares of AB Volvo stock opened at $36.35 on Monday. 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 stock has a market capitalization of $73.92 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. AB Volvo has a 52-week low of $26.11 and a 52-week high of $39.62. The company has a 50-day simple moving average of $34.21 and a two-hundred day simple moving average of $34.88.

AB Volvo (OTCMKTS:VLVLY) last issued its earnings results on Friday, July 17th. The company reported $0.54 earnings per share (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 firm had revenue of $13.09 billion for the quarter, compared to the consensus estimate of $12.92 billion. On average, analysts anticipate that AB Volvo will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.