Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Increases By 50.5%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 89,935 shares, an increase of 50.5% from the February 12th total of 59,771 shares. Based on an average trading volume of 435,018 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 435,018 shares, the short-interest ratio is presently 0.2 days.

Mercedes-Benz Group Price Performance

Mercedes-Benz Group stock opened at C$15.64 on Monday. Mercedes-Benz Group has a 12-month low of C$12.55 and a 12-month high of C$18.16. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of C$17.02 and a 200-day moving average price of C$16.57. The firm has a market capitalization of C$60.24 billion, a PE ratio of 5.43 and a beta of 0.80.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.42 EPS for the quarter. Mercedes-Benz Group had a net margin of 3.87% and a return on equity of 5.51%. The company had revenue of C$39.22 billion for the quarter. As a group, equities research analysts forecast that Mercedes-Benz Group will post 2.26 EPS for the current year.

Wall Street Analysts Forecast Growth

MBGYY has been the topic of several analyst reports. The Goldman Sachs Group raised Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. HSBC raised Mercedes-Benz Group to a “strong-buy” rating in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

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.