Short Interest in Volkswagen AG (OTCMKTS:VWAGY) Drops By 12.6%

Volkswagen AG (OTCMKTS:VWAGY - Get Free Report) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 599,100 shares, a decrease of 12.6% from the February 28th total of 685,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 600,800 shares, the short-interest ratio is presently 1.0 days.Volkswagen Stock Down 0.6 %Rivian Defies Doubters: Delivery Triumph Fuels Stock SurgeOTCMKTS:VWAGY opened at $10.27 on Wednesday. The stock's fifty day moving average is $10.90 and its two-hundred day moving average is $10.16. Volkswagen has a 52 week low of $8.57 and a 52 week high of $16.48. The company has a market capitalization of $51.48 billion, a P/E ratio of 3.89, a P/E/G ratio of 1.03 and a beta of 1.36. Analyst Upgrades and DowngradesSeparately, UBS Group upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Volkswagen currently has a consensus rating of "Hold".Rivian's Rebound: Should This EV Stock Be on Your Radar?View Our Latest Report on VolkswagenAbout Volkswagen (Get Free Report)Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.Read MoreFive stocks we like better than VolkswagenInvesting in the High PE Growth Stocks D-Wave: Multiple Use Cases Emerge Following Quantum SupremacyWhat is a Dividend King? Amazon Falls Back to a Key Support Line: Here's How to Play ItWhat is Forex and How Does it Work? Buffett Trims Equities, But Still Keeps Buying This Stock Elon Musk and Trump Push for Self-Driving Cars: 3 Stocks to GainThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Volkswagen Right Now?Before you consider Volkswagen, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Volkswagen wasn't on the list.While Volkswagen currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here