Short Interest in Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) Rises By 297.8%

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,970 shares, an increase of 297.8% from the June 30th total of 2,758 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 73,853 shares, the days-to-cover ratio is currently 0.1 days.

Daimler Truck Price Performance

DTRUY traded up $0.02 during trading on Friday, reaching $26.11. 39,978 shares of the company were exchanged, compared to its average volume of 39,210. Daimler Truck has a 52 week low of $19.43 and a 52 week high of $26.45. The firm has a 50 day moving average of $24.13 and a 200 day moving average of $24.45.

Analyst Ratings Changes

A number of brokerages have weighed in on DTRUY. Kepler Capital Markets raised shares of Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research lowered shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup reaffirmed a “buy” rating on shares of Daimler Truck in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a research note on Thursday. Finally, Barclays raised shares of Daimler Truck from a “hold” rating to an “overweight” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.