Volkswagen AG (OTCMKTS:VWAPY) Sees Significant Drop in Short Interest

Volkswagen AG (OTCMKTS:VWAPY) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 13,167 shares, a drop of 32.8% from the January 15th total of 19,588 shares. Based on an average daily volume of 163,796 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 163,796 shares, the short-interest ratio is presently 0.1 days.

Volkswagen Price Performance

Shares of Volkswagen stock opened at $12.17 on Friday. The business has a 50-day moving average price of $12.13 and a 200 day moving average price of $11.45. Volkswagen has a fifty-two week low of $8.99 and a fifty-two week high of $12.72.

Volkswagen Company Profile

Volkswagen AG, trading in the U.S. as OTCMKTS:VWAPY, is a leading global automotive manufacturer based in Wolfsburg, Germany. Founded in 1937, the company has grown to become one of the largest automakers in the world by vehicle sales. Volkswagen’s product portfolio spans a diverse range of passenger cars, SUVs and light commercial vehicles under its core Volkswagen brand, as well as premium and luxury offerings through Audi, Porsche, Bentley, Bugatti and Lamborghini. Beyond passenger vehicles, the group produces heavy trucks and buses via MAN and Scania, and provides comprehensive finance, leasing and mobility services.

In recent years, Volkswagen has emphasized its transformation into a provider of sustainable mobility solutions.