Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Significant Decrease in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 15,300 shares, a decline of 48.8% from the May 15th total of 29,900 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 485,500 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Barclays raised Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Mercedes-Benz Group has an average rating of “Hold”.

Mercedes-Benz Group Stock Down 0.7%

OTCMKTS MBGYY traded down C$0.10 during trading on Tuesday, reaching C$14.44. 211,651 shares of the company’s stock were exchanged, compared to its average volume of 382,728. The stock has a market cap of C$55.62 billion, a P/E ratio of 5.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36. The company has a 50 day moving average price of C$14.67 and a two-hundred day moving average price of C$14.76. Mercedes-Benz Group has a 1 year low of C$12.55 and a 1 year high of C$17.82.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported C$1.83 earnings per share (EPS) for the quarter. The company had revenue of C$34.95 billion during the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. On average, equities research analysts anticipate that Mercedes-Benz Group will post 2.26 EPS for the current fiscal year.

Mercedes-Benz Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.8297 dividend. This represents a dividend yield of 5.54%. The ex-dividend date of this dividend was Friday, May 9th. Mercedes-Benz Group’s payout ratio is currently 21.00%.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.