Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Drops By 55.7%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 126,400 shares, a decline of 55.7% from the February 28th total of 285,100 shares. Based on an average daily volume of 653,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Mercedes-Benz Group Trading Down 1.6 %

Shares of OTCMKTS:MBGYY opened at C$15.19 on Friday. The stock has a market cap of C$58.51 billion, a PE ratio of 5.50 and a beta of 1.21. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. Mercedes-Benz Group has a 12-month low of C$13.36 and a 12-month high of C$20.81. The business has a 50 day moving average of C$15.51 and a 200-day moving average of C$14.97.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its earnings results on Thursday, February 20th. The company reported C$0.69 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 6.99% and a return on equity of 10.90%. The firm had revenue of C$41.02 billion for the quarter. As a group, equities research analysts forecast that Mercedes-Benz Group will post 2.26 earnings per share for the current year.

Analyst Ratings Changes

MBGYY has been the subject of several recent analyst reports. Barclays raised Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 21st. Sanford C. Bernstein downgraded shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Berenberg Bank cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Mercedes-Benz Group presently has an average rating of “Hold”.

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.