Short Interest in Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) Decreases By 98.5%

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 569 shares, a decrease of 98.5% from the April 30th total of 37,592 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 81,530 shares, the days-to-cover ratio is presently 0.0 days.

Daimler Truck Stock Performance

OTCMKTS DTRUY traded up $0.82 during mid-day trading on Wednesday, reaching $25.05. 44,794 shares of the stock were exchanged, compared to its average volume of 66,877. The business’s 50 day moving average is $24.49 and its 200-day moving average is $23.64. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $26.45.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Kepler Capital Markets lowered shares of Daimler Truck from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Citigroup reiterated a “buy” rating on shares of Daimler Truck in a research note on Friday, May 8th. DZ Bank raised shares of Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Daimler Truck

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.