Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Drops By 77.5%

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 9,100 shares, a drop of 77.5% from the November 15th total of 40,500 shares. Based on an average daily trading volume, of 215,800 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Hsbc Global Res upgraded shares of AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. 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 shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, UBS Group upgraded shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Down 1.2 %

AB Volvo (publ) stock traded down $0.31 during midday trading on Wednesday, reaching $25.88. The stock had a trading volume of 82,785 shares, compared to its average volume of 61,115. The firm’s fifty day simple moving average is $25.54 and its two-hundred day simple moving average is $25.59. AB Volvo has a twelve month low of $23.27 and a twelve month high of $30.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The firm has a market cap of $52.61 billion, a price-to-earnings ratio of 10.69 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The firm had revenue of $11.23 billion during the quarter. Equities analysts anticipate that AB Volvo will post 2.34 EPS for the current fiscal year.

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.