Volkswagen AG (OTCMKTS:VWAGY) Sees Large Growth in Short Interest

Volkswagen AG (OTCMKTS:VWAGYGet Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 301,500 shares, a growth of 25.7% from the December 15th total of 239,900 shares. Based on an average daily volume of 972,600 shares, the days-to-cover ratio is currently 0.3 days.

Volkswagen Price Performance

OTCMKTS:VWAGY opened at $17.27 on Friday. The firm has a market capitalization of $86.57 billion, a price-to-earnings ratio of 4.84, a PEG ratio of 4.53 and a beta of 1.56. Volkswagen has a 1 year low of $15.20 and a 1 year high of $29.85. The business has a 50 day simple moving average of $17.70 and a 200-day simple moving average of $18.13.

Volkswagen (OTCMKTS:VWAGYGet Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $71.27 billion during the quarter. Volkswagen had a return on equity of 9.94% and a net margin of 6.19%. As a group, analysts expect that Volkswagen will post 3.49 earnings per share for the current fiscal year.

Volkswagen Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 23rd. Stockholders of record on Tuesday, December 20th will be paid a $1.3469 dividend. This represents a dividend yield of 10.36%. This is a positive change from Volkswagen’s previous dividend of $0.55. The ex-dividend date is Monday, December 19th. Volkswagen’s dividend payout ratio (DPR) is presently 14.85%.

Analyst Ratings Changes

VWAGY has been the subject of several research analyst reports. Exane BNP Paribas cut Volkswagen from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 8th. BNP Paribas cut Volkswagen from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 8th. Barclays dropped their price target on Volkswagen from €225.00 ($244.57) to €150.00 ($163.04) and set an “overweight” rating for the company in a research note on Wednesday, December 21st. Bank of America raised Volkswagen from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 8th. Finally, The Goldman Sachs Group initiated coverage on Volkswagen in a research note on Tuesday, November 8th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Volkswagen presently has a consensus rating of “Hold” and an average target price of $207.40.

About Volkswagen

(Get Rating)

Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.

Further Reading

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