AB Volvo (OTCMKTS:VLVLY) Short Interest Down 88.5% in July

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 79,247 shares, a decrease of 88.5% from the June 30th total of 686,524 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 228,209 shares, the days-to-cover ratio is presently 0.3 days.

AB Volvo Price Performance

AB Volvo stock opened at $36.35 on Friday. AB Volvo has a 1 year low of $26.11 and a 1 year high of $39.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a 50 day moving average price of $34.21 and a 200 day moving average price of $34.86. The company has a market cap of $73.92 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 0.82 and a beta of 1.19.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, July 17th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $13.09 billion for the quarter, compared to the consensus estimate of $12.92 billion. AB Volvo had a net margin of 7.60% and a return on equity of 20.11%. Sell-side analysts predict that AB Volvo will post 2.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

AB Volvo Company Profile

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.