AB Volvo (OTCMKTS:VLVLY) Short Interest Down 40.1% in December

AB Volvo (OTCMKTS:VLVLY) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 34,604 shares, a decrease of 40.1% from the November 30th total of 57,748 shares. Based on an average trading volume of 156,110 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 156,110 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. The Goldman Sachs Group downgraded shares of AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft cut shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AB Volvo has an average rating of “Hold”.

AB Volvo Stock Down 0.0%

Shares of OTCMKTS VLVLY opened at $31.96 on Tuesday. The firm’s 50-day moving average is $29.40 and its two-hundred day moving average is $29.05. The company has a market capitalization of $64.99 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 6.92 and a beta of 1.14. AB Volvo has a 12-month low of $22.55 and a 12-month high of $33.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 17th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.13). The firm had revenue of $11.75 billion during the quarter, compared to analyst estimates of $115.79 billion. AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. Equities analysts anticipate that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo Company Profile

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.