Short Interest in Volvo Car AB (publ.) (OTCMKTS:VLVOF) Declines By 71.5%

Volvo Car AB (publ.) (OTCMKTS:VLVOF) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 878,910 shares, a decline of 71.5% from the June 15th total of 3,086,851 shares. Based on an average daily volume of 4,189 shares, the days-to-cover ratio is presently 209.8 days.

Volvo Car AB (publ.) Stock Performance

VLVOF remained flat at $2.16 during trading hours on Friday. 30 shares of the company traded hands, compared to its average volume of 2,815. The firm has a 50 day moving average of $2.28 and a 200-day moving average of $2.65. Volvo Car AB has a 12 month low of $1.82 and a 12 month high of $3.70.

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.