Could VOLVO AB AMERICAN DEPOSITARY RECEIPTS – (OTCMKTS:VLVLY) Go Down After Its Newest Short Interest Report?

June 14, 2018 - By Richard Conner

AB Volvo (OTCMKTS:publ) Logo

The stock of VOLVO AB AMERICAN DEPOSITARY RECEIPTS – (OTCMKTS:VLVLY) registered a decrease of 7.89% in short interest. VLVLY’s total short interest was 3,500 shares in June as published by FINRA. Its down 7.89% from 3,800 shares, reported previously. With 21,200 shares average volume, it will take short sellers 0 days to cover their VLVLY’s short positions.

The stock decreased 0.03% or $0.01 during the last trading session, reaching $17.19. About shares traded. AB Volvo (OTCMKTS:publ) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

AB Volvo , together with its subsidiaries, makes and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, and internationally. The company has market cap of $34.59 billion. The firm offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, UD Bus, and Sunwin brands. It has a 13.29 P/E ratio. It also provides equipment used at construction sites, including pavers, compactors, excavators, wheel loaders, and articulated and rigid dump trucks under the brand names of Volvo, SDLG, and Terex Trucks.

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