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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 13,491 shares, a drop of 84.9% from the January 15th total of 89,479 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 630,247 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 630,247 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MBGYY shares. HSBC upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. Finally, DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Mercedes-Benz Group Stock Performance

Mercedes-Benz Group stock remained flat at C$17.35 during midday trading on Tuesday. The company had a trading volume of 137,068 shares, compared to its average volume of 233,789. The firm has a 50 day moving average price of C$17.44 and a 200-day moving average price of C$16.32. The company has a market cap of C$66.83 billion, a price-to-earnings ratio of 5.51 and a beta of 0.83. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. Mercedes-Benz Group has a fifty-two week low of C$12.55 and a fifty-two week high of C$18.16.

Mercedes-Benz Group Company Profile

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.