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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 126,400 shares, a decrease of 55.7% from the February 28th total of 285,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 653,500 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

MBGYY has been the topic of several research analyst reports. The Goldman Sachs Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Berenberg Bank downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Barclays raised shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Sanford C. Bernstein lowered shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Mercedes-Benz Group Stock Performance

Mercedes-Benz Group stock traded down C$0.19 during trading hours on Friday, hitting C$15.00. 321,440 shares of the stock traded hands, compared to its average volume of 370,675. The firm’s 50 day moving average price is C$15.53 and its 200-day moving average price is C$14.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98. The stock has a market capitalization of C$57.77 billion, a price-to-earnings ratio of 5.43 and a beta of 1.21. Mercedes-Benz Group has a 1 year low of C$13.36 and a 1 year high of C$20.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its earnings results on Thursday, February 20th. The company reported C$0.69 EPS for the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. The firm had revenue of C$41.02 billion for the quarter. As a group, equities analysts expect that Mercedes-Benz Group will post 2.26 EPS for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.