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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 13,491 shares, a decline of 84.9% from the January 15th total of 89,479 shares. Based on an average daily volume of 630,247 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 630,247 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MBGYY. DZ Bank upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Finally, HSBC upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Mercedes-Benz Group Price Performance

Mercedes-Benz Group stock remained flat at C$17.35 during mid-day trading on Tuesday. The company’s stock had a trading volume of 137,068 shares, compared to its average volume of 233,789. The company has a market cap of C$66.83 billion, a price-to-earnings ratio of 5.51 and a beta of 0.83. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. The firm’s 50 day simple moving average is C$17.44 and its two-hundred day simple moving average is C$16.32. Mercedes-Benz Group has a 12-month low of C$12.55 and a 12-month high of C$18.16.

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.