Volvo Car AB (publ.) (OTCMKTS:VLVOF) Short Interest Up 67.7% in August

Volvo Car AB (publ.) (OTCMKTS:VLVOFGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,799,928 shares, an increase of 67.7% from the July 30th total of 3,457,626 shares. Based on an average trading volume of 1,060 shares, the short-interest ratio is currently 5,471.6 days.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “sell” rating on shares of Volvo Car AB (publ.) in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell”.

Read Our Latest Research Report on VLVOF

Volvo Car AB (publ.) Stock Performance

Shares of OTCMKTS:VLVOF opened at $2.01 on Monday. Volvo Car AB has a twelve month low of $1.87 and a twelve month high of $3.70. The business has a fifty day moving average of $2.03 and a 200-day moving average of $2.33.

About Volvo Car AB (publ.)

(Get Free Report)

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online. The company was founded in 1927 and is headquartered in Gothenburg, Sweden. Volvo Car AB (publ.) is a subsidiary of Geely Sweden Holdings AB.

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