Mercedes-Benz Group AG (OTCMKTS:MBGYY) Short Interest Up 383.9% in June

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 799,537 shares, an increase of 383.9% from the June 15th total of 165,215 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,369,061 shares, the days-to-cover ratio is currently 0.3 days.

Mercedes-Benz Group Stock Performance

Mercedes-Benz Group stock traded down C$0.04 during trading hours on Monday, reaching C$12.50. 649,824 shares of the stock were exchanged, compared to its average volume of 423,879. The stock has a market cap of C$48.15 billion, a P/E ratio of 8.39 and a beta of 0.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38. Mercedes-Benz Group has a 52-week low of C$12.22 and a 52-week high of C$18.16. The firm’s 50 day moving average is C$13.82 and its 200 day moving average is C$15.50.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its earnings results on Wednesday, April 29th. The company reported C$0.44 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%. The business had revenue of C$36.98 billion for the quarter. Analysts predict that Mercedes-Benz Group will post 1.45 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Four investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong 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.