Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Significant Decline in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 13,491 shares, a decline of 84.9% from the January 15th total of 89,479 shares. Based on an average daily volume of 630,247 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 630,247 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. DZ Bank upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. HSBC raised 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 equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Mercedes-Benz Group currently has a consensus rating of “Buy”.

Mercedes-Benz Group Trading Down 1.8%

Shares of MBGYY traded down C$0.30 during trading hours on Thursday, hitting C$16.80. 318,995 shares of the stock traded hands, compared to its average volume of 233,564. The business has a fifty day moving average of C$17.43 and a 200-day moving average of C$16.33. The firm has a market capitalization of C$64.71 billion, a PE ratio of 5.43 and a beta of 0.83. Mercedes-Benz Group has a 1-year low of C$12.55 and a 1-year high of C$18.16. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.42 EPS for the quarter. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%. Analysts expect that Mercedes-Benz Group will post 2.26 EPS for the current year.

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.