Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Large Increase in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 59,771 shares, a growth of 343.0% from the January 29th total of 13,491 shares. Based on an average daily volume of 366,003 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 366,003 shares, the short-interest ratio is currently 0.2 days.

Mercedes-Benz Group Price Performance

Mercedes-Benz Group stock opened at C$17.33 on Friday. The firm has a market capitalization of C$66.75 billion, a P/E ratio of 6.02 and a beta of 0.83. Mercedes-Benz Group has a one year low of C$12.55 and a one year high of C$18.16. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.93. The business has a fifty day moving average price of C$17.32 and a 200-day moving average price of C$16.52.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$39.22 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.54% and a net margin of 3.87%. As a group, equities research analysts forecast that Mercedes-Benz Group will post 2.26 EPS for the current year.

Analyst Ratings Changes

MBGYY has been the subject of several analyst reports. DZ Bank upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. Finally, HSBC raised Mercedes-Benz Group to a “strong-buy” rating in a report on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.