Volvo Car AB (publ.) (OTCMKTS:VLVOF) Short Interest Up 143.7% in June

Volvo Car AB (publ.) (OTCMKTS:VLVOF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 3,086,851 shares, an increase of 143.7% from the May 31st total of 1,266,733 shares. Based on an average daily volume of 1,398 shares, the short-interest ratio is presently 2,208.0 days.

Volvo Car AB (publ.) Stock Performance

Shares of VLVOF opened at $1.91 on Monday. The company’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.75. Volvo Car AB has a 1-year low of $1.82 and a 1-year high of $3.70.

Volvo Car AB (publ.) Company Profile

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.