AB Volvo (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 686,524 shares, an increase of 1,056.4% from the June 15th total of 59,367 shares. Based on an average daily trading volume, of 714,100 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

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

AB Volvo Trading Up 1.1%

VLVLY stock traded up $0.38 during midday trading on Friday, hitting $34.92. 60,568 shares of the company’s stock were exchanged, compared to its average volume of 255,680. The stock’s fifty day moving average price is $34.08 and its 200-day moving average price is $34.63. 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 company has a market cap of $71.02 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.19. AB Volvo has a one year low of $26.11 and a one year high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $12.42 billion. Research analysts predict that AB Volvo will post 2.28 earnings per share for the current fiscal year.

About AB Volvo

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.