AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Up 236.2% in February

AB Volvo (publ) (OTCMKTS:VLVLY) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 202,400 shares, an increase of 236.2% from the February 13th total of 60,200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 936,200 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLVLY. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

AB Volvo (publ) Trading Down 3.6 %

OTCMKTS VLVLY traded down $1.12 during trading on Friday, hitting $30.29. The company had a trading volume of 72,463 shares, compared to its average volume of 230,835. AB Volvo has a one year low of $23.27 and a one year high of $33.33. The company has a market cap of $61.58 billion, a price-to-earnings ratio of 12.89 and a beta of 1.30. The company’s fifty day moving average is $28.56 and its 200-day moving average is $26.50. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. On average, sell-side analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Investors 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 payout ratio is currently 25.96%.

About AB Volvo (publ)

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.