Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Increases By 383.9%

Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 799,537 shares, a growth 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 trading volume, of 2,369,061 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Mercedes-Benz Group presently has an average rating of “Strong Buy”.

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Mercedes-Benz Group Price Performance

Shares of OTCMKTS:MBGYY traded up C$0.04 during midday trading on Friday, reaching C$12.54. 528,051 shares of the company’s stock were exchanged, compared to its average volume of 966,020. Mercedes-Benz Group has a 12 month low of C$12.22 and a 12 month high of C$18.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market capitalization of C$48.30 billion, a PE ratio of 8.42 and a beta of 0.81. The company’s 50 day simple moving average is C$13.82 and its two-hundred day simple moving average is C$15.52.

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.44 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%. The firm had revenue of C$36.98 billion during the quarter. Equities research analysts expect that Mercedes-Benz Group will post 1.45 earnings per share for the current fiscal year.

Mercedes-Benz Group Company Profile

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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.

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