AB Volvo (OTCMKTS:VLVLY) Short Interest Down 82.9% in September

AB Volvo (OTCMKTS:VLVLY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,400 shares, a drop of 82.9% from the September 15th total of 14,000 shares. Based on an average daily trading volume, of 104,600 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 104,600 shares, the days-to-cover ratio is currently 0.0 days.

AB Volvo Trading Down 6.4%

Shares of AB Volvo stock opened at $26.36 on Friday. The business has a fifty day simple moving average of $29.44 and a two-hundred day simple moving average of $28.15. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33. The company has a market capitalization of $53.60 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 4.05 and a beta of 1.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.11 and a quick ratio of 0.86.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings results on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%.The business had revenue of $12.59 billion during the quarter, compared to the consensus estimate of $122.35 billion. Research analysts forecast that AB Volvo will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VLVLY shares. The Goldman Sachs Group downgraded AB Volvo from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Sanford C. Bernstein upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.