Mercedes-Benz Group AG (OTCMKTS:MBGYY) Short Interest Update

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 35,539 shares, a decline of 46.1% from the November 30th total of 65,911 shares. Based on an average trading volume of 305,262 shares, the days-to-cover ratio is currently 0.1 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 305,262 shares, the days-to-cover ratio is currently 0.1 days.

Mercedes-Benz Group Stock Up 0.2%

Shares of OTCMKTS MBGYY traded up C$0.03 during midday trading on Friday, reaching C$17.43. The company’s stock had a trading volume of 55,185 shares, compared to its average volume of 127,930. The stock has a 50 day simple moving average of C$16.85 and a 200-day simple moving average of C$15.73. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of C$67.13 billion, a price-to-earnings ratio of 5.53 and a beta of 0.83. Mercedes-Benz Group has a fifty-two week low of C$12.55 and a fifty-two week high of C$18.12.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.36 earnings per share 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 predict that Mercedes-Benz Group will post 2.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MBGYY shares. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Monday, November 24th. DZ Bank upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada cut shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Mercedes-Benz Group currently has an average rating of “Moderate Buy”.

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.