Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Grows By 343.0%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large growth in short interest in the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 366,003 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 366,003 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

MBGYY has been the topic of a number of research 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. HSBC upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group upgraded Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mercedes-Benz Group presently has a consensus rating of “Buy”.

Mercedes-Benz Group Trading Up 0.6%

Shares of MBGYY stock opened at C$17.38 on Thursday. Mercedes-Benz Group has a 1 year low of C$12.55 and a 1 year high of C$18.16. The company’s fifty day simple moving average is C$17.33 and its two-hundred day simple moving average is C$16.50. 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 stock has a market capitalization of C$66.94 billion, a price-to-earnings ratio of 6.03 and a beta of 0.83.

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

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.