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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 89,935 shares, a growth 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 currently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 435,018 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of research firms recently issued reports on MBGYY. The Goldman Sachs Group upgraded 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 report on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Mercedes-Benz Group Stock Down 1.6%

Shares of OTCMKTS:MBGYY opened at C$15.64 on Friday. The firm has a fifty day moving average price of C$17.02 and a two-hundred day moving average price of C$16.55. The company has a market cap of C$60.24 billion, a price-to-earnings ratio of 5.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.93. Mercedes-Benz Group has a one year low of C$12.55 and a one year high of C$18.16.

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