AB Volvo (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 46,819 shares, a growth of 78.2% from the April 15th total of 26,277 shares. Based on an average daily trading volume, of 163,157 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

AB Volvo Price Performance

AB Volvo stock opened at $33.45 on Monday. The company has a market cap of $68.01 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.74 and a beta of 1.20. The firm’s fifty day moving average is $34.11 and its 200 day moving average is $33.35. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. AB Volvo has a 52-week low of $26.11 and a 52-week high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The business had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $12.42 billion. AB Volvo had a net margin of 8.32% and a return on equity of 23.35%. Sell-side analysts forecast that AB Volvo will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.