Daimler Truck Holding AG (OTCMKTS:DTRUY) Sees Significant Increase in Short Interest

Daimler Truck Holding AG (OTCMKTS:DTRUY – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 68,800 shares, an increase of 395.0% from the April 15th total of 13,900 shares. Based on an average trading volume of 136,400 shares, the short-interest ratio is currently 0.5 days.

A number of equities research analysts recently commented on DTRUY shares. Societe Generale started coverage on shares of Daimler Truck in a research note on Wednesday, January 19th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Daimler Truck from €45.00 ($47.37) to €50.00 ($52.63) and gave the company a “buy” rating in a research note on Friday, March 25th. DZ Bank assumed coverage on shares of Daimler Truck in a report on Tuesday, January 18th. They issued a “buy” rating and a €42.00 ($44.21) target price on the stock. Morgan Stanley assumed coverage on shares of Daimler Truck in a report on Friday, January 28th. They issued an “overweight” rating on the stock. Finally, HSBC assumed coverage on shares of Daimler Truck in a report on Monday, January 24th. They issued a “buy” rating on the stock. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $46.00.

OTCMKTS:DTRUY opened at $13.46 on Thursday. The company has a 50-day moving average price of $13.47. Daimler Truck has a 12-month low of $11.86 and a 12-month high of $20.22.

About Daimler Truck (Get Rating)

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.

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