AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (publ) (OTCMKTS:VLVLY) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 202,400 shares, a growth of 236.2% from the February 13th total of 60,200 shares. Based on an average daily volume of 936,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

AB Volvo (publ) Stock Down 0.5 %

Shares of OTCMKTS VLVLY opened at $31.41 on Thursday. The firm’s fifty day moving average is $28.44 and its 200 day moving average is $26.48. AB Volvo has a 52 week low of $23.27 and a 52 week high of $33.33. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The company has a market cap of $63.86 billion, a price-to-earnings ratio of 13.37 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. On average, equities research analysts expect that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be issued a $1.6823 dividend. The ex-dividend date is Friday, April 4th. This is a boost from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s dividend payout ratio (DPR) is 25.96%.

Wall Street Analysts Forecast Growth

VLVLY has been the topic of several recent research reports. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AB Volvo (publ) presently has a consensus rating of “Buy”.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.