Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Drops By 77.7%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 6,100 shares, a decline of 77.7% from the January 15th total of 27,400 shares. Based on an average daily volume of 134,500 shares, the short-interest ratio is presently 0.0 days.

AB Volvo (publ) Stock Performance

Shares of OTCMKTS VLVLY opened at $29.28 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $25.87 and its 200-day moving average price is $25.58. AB Volvo has a 52-week low of $23.27 and a 52-week high of $30.14. The company has a market cap of $59.53 billion, a PE ratio of 12.46 and a beta of 1.31.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued 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 28.80%. As a group, analysts anticipate that AB Volvo will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VLVLY shares. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AB Volvo (publ) has a consensus rating of “Moderate Buy”.

AB Volvo (publ) 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.