Daimler Truck Holding AG (OTCMKTS:DTRUY – Get Rating) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 68,800 shares, an increase of 395.0% from the April 15th total of 13,900 shares. Based on an average daily volume of 136,400 shares, the days-to-cover ratio is presently 0.5 days.
Several equities research analysts recently weighed in on DTRUY shares. Deutsche Bank Aktiengesellschaft raised their price objective on Daimler Truck from €45.00 ($47.37) to €50.00 ($52.63) and gave the company a “buy” rating in a report on Friday, March 25th. Societe Generale started coverage on Daimler Truck in a report on Wednesday, January 19th. They set a “buy” rating on the stock. DZ Bank initiated coverage on Daimler Truck in a report on Tuesday, January 18th. They set a “buy” rating and a €42.00 ($44.21) price objective on the stock. Morgan Stanley initiated coverage on Daimler Truck in a research report on Friday, January 28th. They set an “overweight” rating for the company. Finally, HSBC initiated coverage on Daimler Truck in a research report on Monday, January 24th. They set a “buy” rating for the company. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $46.00.
DTRUY stock opened at $14.27 on Friday. The stock has a 50-day simple moving average of $13.55. Daimler Truck has a 1-year low of $11.86 and a 1-year high of $20.22.
Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.
- Get a free copy of the StockNews.com research report on Daimler Truck (DTRUY)
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