Volvo Car AB (publ.) (OTCMKTS:VLVOF) Short Interest Up 67.7% in August

Volvo Car AB (publ.) (OTCMKTS:VLVOF) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 5,799,928 shares, an increase of 67.7% from the July 30th total of 3,457,626 shares. Based on an average daily volume of 1,060 shares, the days-to-cover ratio is currently 5,471.6 days.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “sell” rating on shares of Volvo Car AB (publ.) in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell”.

Volvo Car AB (publ.) Stock Performance

Shares of VLVOF stock opened at $2.01 on Monday. Volvo Car AB has a 1 year low of $1.87 and a 1 year high of $3.70. The firm’s fifty day moving average price is $2.03 and its two-hundred day moving average price is $2.33.

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.