Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Short Interest Update

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 351,249 shares, a growth of 37.0% from the February 26th total of 256,295 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 514,122 shares, the days-to-cover ratio is currently 0.7 days.

Volkswagen Price Performance

Volkswagen stock opened at $10.00 on Tuesday. Volkswagen has a 1-year low of $9.20 and a 1-year high of $12.83. The business has a fifty day moving average price of $11.42 and a 200-day moving average price of $11.47. The stock has a market capitalization of $50.13 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 0.85 and a beta of 1.14.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Tuesday, March 10th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.14. The company had revenue of $99.97 billion for the quarter, compared to analyst estimates of $84.92 billion. Volkswagen had a return on equity of 3.46% and a net margin of 2.11%. On average, equities research analysts anticipate that Volkswagen will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. HSBC reissued a “buy” rating on shares of Volkswagen in a research report on Tuesday, January 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.