Volvo Car AB (publ.) (OTCMKTS:VLVOF) Short Interest Up 312.3% in July

Volvo Car AB (publ.) (OTCMKTS:VLVOF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,623,426 shares, an increase of 312.3% from the June 30th total of 878,910 shares. Based on an average daily volume of 1,406 shares, the short-interest ratio is currently 2,577.1 days.

Volvo Car AB (publ.) Stock Performance

OTCMKTS VLVOF opened at $1.94 on Tuesday. The company’s 50 day simple moving average is $2.20 and its 200 day simple moving average is $2.55. Volvo Car AB has a 12 month low of $1.87 and a 12 month 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.