Short Interest in AB Volvo (publ) (OTCMKTS:VOLVF) Declines By 34.1%

AB Volvo (publ) (OTCMKTS:VOLVF) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,220,900 shares, a drop of 34.1% from the October 15th total of 3,371,600 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is presently 1,388.1 days.

AB Volvo (publ) Stock Performance

Shares of OTCMKTS VOLVF opened at C$24.45 on Thursday. The stock’s 50-day moving average is C$25.75 and its two-hundred day moving average is C$25.87. AB Volvo has a 1-year low of C$21.35 and a 1-year high of C$30.30.

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.