Volvo Car AB (publ.) (OTCMKTS:VLVOF) Sees Significant Decrease in Short Interest

Volvo Car AB (publ.) (OTCMKTS:VLVOF) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,531,944 shares, a decline of 79.5% from the April 15th total of 7,458,038 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ? days.

Volvo Car AB (publ.) Stock Performance

VLVOF opened at $2.41 on Tuesday. Volvo Car AB has a 1 year low of $5.74 and a 1 year high of $10.02. The stock’s 50 day simple moving average is $2.45 and its 200-day simple moving average is $3.01.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein downgraded Volvo Car AB (publ.) to an “underperform” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Volvo Car AB (publ.) has an average rating of “Strong Sell”.

About Volvo Car AB (publ.)

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online. The company was founded in 1927 and is headquartered in Gothenburg, Sweden. Volvo Car AB (publ.) is a subsidiary of Geely Sweden Holdings AB.