Short Interest in AB Volvo (OTCMKTS:VLVLY) Expands By 1,056.4%

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 686,524 shares, a growth of 1,056.4% from the June 15th total of 59,367 shares. Based on an average daily trading volume, of 714,100 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are sold short.

AB Volvo Stock Performance

Shares of VLVLY stock traded up $0.38 during trading on Friday, hitting $34.92. The company’s stock had a trading volume of 60,568 shares, compared to its average volume of 164,766. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The company has a market cap of $71.02 billion, a PE ratio of 17.20, a P/E/G ratio of 0.78 and a beta of 1.19. The business has a fifty day moving average of $34.06 and a 200-day moving average of $34.63. AB Volvo has a 52 week low of $26.11 and a 52 week high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $12.42 billion. As a group, research analysts anticipate that AB Volvo will post 2.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.