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

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

Volvo Car AB (publ.) Price Performance

OTCMKTS:VLVOF remained flat at $2.41 during trading hours on Wednesday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 520. Volvo Car AB has a one year low of $5.74 and a one year high of $10.02. The stock has a fifty day simple moving average of $2.44 and a 200-day simple moving average of $3.01.

Analyst Upgrades and Downgrades

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

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.