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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 89,479 shares, an increase of 130.5% from the December 31st total of 38,816 shares. Based on an average daily trading volume, of 424,735 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 424,735 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

MBGYY has been the topic of several analyst reports. Hsbc Global Res raised shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Finally, DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Mercedes-Benz Group Trading Down 0.8%

Shares of Mercedes-Benz Group stock opened at C$17.04 on Friday. Mercedes-Benz Group has a twelve month low of C$12.55 and a twelve month high of C$18.16. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of C$17.36 and a 200-day moving average price of C$16.20. The firm has a market cap of C$65.63 billion, a price-to-earnings ratio of 5.41 and a beta of 0.82.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 EPS for the quarter. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%.The company had revenue of C$37.58 billion during the quarter. Equities research 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.