Short stake in Volkswagen AG (OTCMKTS:VWAGY) up 616.1%
Volkswagen AG (OTCMKTS:VWAGY – Get Rating) saw a significant surge in short interest in March. On March 15, there was short interest totaling 267,100 shares, up 616.1% from the February 28 total of 37,300 shares. Based on an average daily volume of 1,429,800 shares, the short interest ratio is currently 0.2 days.
Several research analysts recently rated the stock. Credit Suisse Group took over coverage of Volkswagen shares in a report on Thursday, February 17. They give the company an “Outperform” rating. Citigroup downgraded shares of Volkswagen to a “neutral” rating from a “buy” rating in a report Monday, November 29. Zacks Investment Research upgraded shares of Volkswagen from a “sell” rating to a “hold” rating in a report on Thursday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft has raised its target price on Volkswagen shares from €210.00 ($230.77) to €230.00 ($252.75), giving the company a buy rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four with a hold rating and eight with a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.33.
VWAGY shares rose $0.21 on Friday midday to hit $24.37. 188,019 shares of the company were traded, compared to an average volume of 445,220. Volkswagen has a 52-week low of $19.67 and a 52-week high of $38.98. The stock has a market cap of $122.17 billion, a P/E of 6.94, a PEG ratio of 0.61, and a beta of 1.64. The stock’s 50-day moving average is $26.52 and its 200-day moving average is $29.66.
Volkswagen company profile (received rating)
Volkswagen AG produces and sells automobiles mainly in Europe, North America, South America and the Asia-Pacific region. The Company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Technologies and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines and vehicle software; and light commercial vehicles; and manufactures and sells passenger cars and related parts.
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