Volkswagen AG (OTCMKTS:VWAGY) Short Interest Up 32.9% in March

Volkswagen AG (OTCMKTS:VWAGY) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 796,300 shares, an increase of 32.9% from the March 15th total of 599,100 shares. Based on an average daily trading volume, of 469,500 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VWAGY shares. UBS Group upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, March 17th. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Volkswagen Trading Up 2.3 %

Shares of VWAGY stock opened at $10.39 on Friday. Volkswagen has a 12 month low of $8.57 and a 12 month high of $15.44. The firm has a market capitalization of $52.08 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. The firm has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $10.06.

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.