Short Interest in Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Declines By 18.8%

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 516,632 shares, a drop of 18.8% from the March 31st total of 636,192 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 420,188 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VWAGY. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a report on Friday, January 16th. HSBC reaffirmed a “buy” rating on shares of Volkswagen in a report on Tuesday, January 13th. Finally, Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Volkswagen Trading Up 0.1%

Shares of OTCMKTS VWAGY traded up $0.01 during midday trading on Thursday, reaching $10.25. 236,487 shares of the company were exchanged, compared to its average volume of 174,359. Volkswagen has a 1 year low of $9.90 and a 1 year high of $12.83. The stock has a fifty day simple moving average of $10.71 and a 200 day simple moving average of $11.37. The stock has a market cap of $51.38 billion, a P/E ratio of 6.88, a PEG ratio of 0.88 and a beta of 1.03.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.23). Volkswagen had a return on equity of 3.43% and a net margin of 2.11%. As a group, analysts forecast that Volkswagen will post 2.33 earnings per share for the current year.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.