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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 285,100 shares, an increase of 19.4% from the February 13th total of 238,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 709,200 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

MBGYY has been the topic of a number of research analyst reports. Barclays lowered Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a report on Monday, December 2nd. Berenberg Bank lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Sanford C. Bernstein cut Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Mercedes-Benz Group Stock Up 1.7 %

OTCMKTS MBGYY traded up C$0.27 during trading on Tuesday, reaching C$16.63. 426,554 shares of the company’s stock were exchanged, compared to its average volume of 387,493. Mercedes-Benz Group has a fifty-two week low of C$13.36 and a fifty-two week high of C$20.81. The firm has a market capitalization of C$64.05 billion, a PE ratio of 6.03 and a beta of 1.21. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is C$15.23 and its 200-day simple moving average is C$15.00.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings data on Thursday, February 20th. The company reported C$0.69 EPS for the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. The firm had revenue of C$41.02 billion during the quarter. Sell-side analysts predict that Mercedes-Benz Group will post 2.26 EPS for the current year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.