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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 163,498 shares, a growth of 81.8% from the February 26th total of 89,935 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 650,680 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, HSBC upgraded Mercedes-Benz Group to a “strong-buy” rating in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mercedes-Benz Group has a consensus rating of “Strong Buy”.

Mercedes-Benz Group Price Performance

Mercedes-Benz Group stock opened at C$14.71 on Friday. The stock has a market capitalization of C$56.66 billion, a price-to-earnings ratio of 5.11 and a beta of 0.80. Mercedes-Benz Group has a 52-week low of C$12.55 and a 52-week 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 stock’s 50 day moving average price is C$16.54 and its two-hundred day moving average price is C$16.53.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.42 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 3.87% and a return on equity of 5.51%. The company had revenue of C$39.22 billion during the quarter. On average, equities analysts predict that Mercedes-Benz Group will post 2.26 earnings per share for the current year.

Mercedes-Benz Group Company Profile

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.