Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) Stock Short Interest Drops 87.0%

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,116 shares, a decrease of 87.0% from the September 30th total of 39,420 shares. Based on an average daily trading volume, of 133,083 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

DTRUY has been the subject of a number of recent research reports. Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Daimler Truck in a research note on Thursday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Daimler Truck in a report on Wednesday, August 12th. Zacks Research raised Daimler Truck from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 30th. Finally, Barclays raised shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Daimler Truck Stock Down 1.2%

Shares of OTCMKTS DTRUY opened at $22.55 on Wednesday. Daimler Truck has a twelve month low of $19.43 and a twelve month high of $28.73. The company has a 50 day moving average of $24.63 and a 200 day moving average of $24.74. The firm has a market cap of $34.53 billion, a P/E ratio of 45.10 and a beta of 0.06.

Daimler Truck (OTCMKTS:DTRUY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.29 billion. As a group, equities analysts expect that Daimler Truck will post 2.00 earnings per share for the current fiscal year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.