Short Interest in Mercedes-Benz Group AG (OTCMKTS:DDAIF) Decreases By 41.1%

Mercedes-Benz Group AG (OTCMKTS:DDAIF – Get Rating) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 652,500 shares, a drop of 41.1% from the April 30th total of 1,108,500 shares. Based on an average daily volume of 58,400 shares, the short-interest ratio is presently 11.2 days.

DDAIF has been the subject of a number of research reports. Credit Suisse Group lowered their price target on shares of Mercedes-Benz Group from €90.00 ($95.74) to €83.00 ($88.30) and set an “outperform” rating for the company in a report on Thursday, March 31st. Zacks Investment Research raised shares of Mercedes-Benz Group from a “sell” rating to a “hold” rating in a report on Monday, May 16th. HSBC raised shares of Mercedes-Benz Group from a “hold” rating to a “buy” rating in a report on Thursday, February 17th. Sanford C. Bernstein assumed coverage on shares of Mercedes-Benz Group in a report on Tuesday, May 17th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada raised their price objective on shares of Mercedes-Benz Group from €88.00 ($93.62) to €89.00 ($94.68) and gave the company an “outperform” rating in a research note on Thursday, April 28th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $90.42.

DDAIF traded up $1.08 during trading on Friday, hitting $71.00. The company had a trading volume of 22,721 shares, compared to its average volume of 29,859. The company has a market capitalization of $75.96 billion, a PE ratio of 2.83, a PEG ratio of 0.18 and a beta of 1.29. Mercedes-Benz Group has a one year low of $60.79 and a one year high of $103.78. The firm’s 50-day moving average price is $68.44 and its 200 day moving average price is $77.94. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.01.

Mercedes-Benz Group (OTCMKTS:DDAIF – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $4.81 EPS for the quarter. The business had revenue of $49.62 billion for the quarter. Mercedes-Benz Group had a net margin of 14.24% and a return on equity of 19.67%. Sell-side analysts forecast that Mercedes-Benz Group will post 12.72 earnings per share for the current year.

About Mercedes-Benz Group (Get Rating)

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells passenger cars comprising premium and luxury vehicles of the Mercedes-Benz brand, including the Mercedes-AMG, G-Class, Mercedes-Maybach, and Mercedes-EQ brands, as well as small cars under the smart brand; ecosystem of Mercedes-Benz under the Mercedes me brand; and vans under the Mercedes-Benz and Freightliner brands, as well as related spare parts and accessories.

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