AB Volvo (publ) (OTCMKTS:VLVLY) Sees Large Decline in Short Interest

AB Volvo (publ) (OTCMKTS:VLVLY – Get Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 5,300 shares, a drop of 65.8% from the April 30th total of 15,500 shares. Based on an average trading volume of 134,900 shares, the days-to-cover ratio is presently 0.0 days.

AB Volvo (publ) Stock Down 0.7 %

OTCMKTS:VLVLY opened at $18.62 on Friday. The firm has a market cap of $37.86 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.98 and a current ratio of 1.28. AB Volvo has a fifty-two week low of $13.66 and a fifty-two week high of $21.07. The firm has a 50-day simple moving average of $19.79 and a two-hundred day simple moving average of $19.28.

AB Volvo (publ) (OTCMKTS:VLVLY – Get Rating) last released its quarterly earnings data on Thursday, April 20th. The company reported $0.61 earnings per share for the quarter. The business had revenue of $12.58 billion during the quarter. AB Volvo (publ) had a net margin of 7.76% and a return on equity of 23.22%. Analysts predict that AB Volvo will post 2.05 earnings per share for the current fiscal year.

AB Volvo (publ) Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, April 27th. Stockholders of record on Thursday, April 6th were issued a dividend of $0.4998 per share. This represents a dividend yield of 5.57%. The ex-dividend date was Wednesday, April 5th. AB Volvo (publ)’s payout ratio is presently 28.42%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VLVLY. Jefferies Financial Group lowered shares of AB Volvo (publ) from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Morgan Stanley upgraded shares of AB Volvo (publ) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 25th.

About AB Volvo (publ)

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Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, and Group Functions and Other. The Trucks segment includes the production, development, and logistics for powertrain and parts.