Mercedes-Benz Group AG (OTCMKTS:MBGAF) Short Interest Down 20.8% in March

Mercedes-Benz Group AG (OTCMKTS:MBGAF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,825,800 shares, a drop of 20.8% from the February 28th total of 2,304,000 shares. Based on an average daily trading volume, of 76,200 shares, the short-interest ratio is currently 24.0 days. Approximately 0.2% of the company’s stock are short sold.

Mercedes-Benz Group Stock Performance

Shares of OTCMKTS MBGAF traded up $0.07 during mid-day trading on Tuesday, reaching $58.99. The company had a trading volume of 97,491 shares, compared to its average volume of 40,869. Mercedes-Benz Group has a twelve month low of $53.76 and a twelve month high of $83.50. The stock’s 50 day moving average is $62.38 and its 200-day moving average is $60.01. The stock has a market capitalization of $63.11 billion, a PE ratio of 4.45 and a beta of 1.26.

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.