AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Down 90.0% in March

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 20,300 shares, a decline of 90.0% from the February 28th total of 202,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 244,100 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on VLVLY. Barclays cut shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Finally, UBS Group upgraded shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Price Performance

Shares of OTCMKTS:VLVLY traded down $0.41 during midday trading on Wednesday, reaching $30.46. 62,982 shares of the company’s stock traded hands, compared to its average volume of 203,021. The company has a market cap of $61.93 billion, a P/E ratio of 12.96 and a beta of 1.30. The company has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $26.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. Equities analysts predict that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.6823 per share. This is a positive change from AB Volvo (publ)’s previous dividend of $0.72. The ex-dividend date is Friday, April 4th. AB Volvo (publ)’s payout ratio is 25.96%.

About AB Volvo (publ)

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.