Short Interest in AB Volvo (publ) (OTCMKTS:VLVLY) Decreases By 90.0%

AB Volvo (publ) (OTCMKTS:VLVLY) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 20,300 shares, a drop of 90.0% from the February 28th total of 202,400 shares. Based on an average daily trading volume, of 244,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts recently issued reports on VLVLY shares. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Barclays downgraded shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday. Finally, UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned 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, the company currently has an average rating of “Moderate Buy”.

AB Volvo (publ) Trading Down 1.3 %

Shares of VLVLY opened at $30.46 on Thursday. The stock’s fifty day simple moving average is $29.66 and its 200-day simple moving average is $26.83. The firm has a market capitalization of $61.93 billion, a PE ratio of 12.96 and a beta of 1.30. AB Volvo has a 12-month low of $23.27 and a 12-month 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.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results 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%. As a group, research analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

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

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.