Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Grows By 81.8%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 163,498 shares, an increase of 81.8% from the February 26th total of 89,935 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 650,680 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, HSBC upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Mercedes-Benz Group Trading Down 1.2%

OTCMKTS:MBGYY opened at C$14.85 on Friday. Mercedes-Benz Group has a 12-month low of C$12.55 and a 12-month high of C$18.16. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is C$16.58 and its 200-day simple moving average is C$16.52. The firm has a market cap of C$57.20 billion, a P/E ratio of 5.16 and a beta of 0.80.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.42 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 5.51% and a net margin of 3.87%.The firm had revenue of C$39.22 billion during the quarter. Equities analysts anticipate that Mercedes-Benz Group will post 2.26 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.