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

Mercedes-Benz Group AG (OTCMKTS:MBGAF) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 2,304,000 shares, a decline of 54.7% from the February 13th total of 5,082,500 shares. Based on an average daily trading volume, of 90,000 shares, the short-interest ratio is presently 25.6 days. Approximately 0.2% of the shares of the company are short sold.

Mercedes-Benz Group Stock Performance

Shares of OTCMKTS MBGAF traded up $1.08 during midday trading on Friday, reaching $65.40. 12,392 shares of the company traded hands, compared to its average volume of 41,853. The firm has a market cap of $69.97 billion, a PE ratio of 4.94 and a beta of 1.26. The stock’s 50-day simple moving average is $60.88 and its 200-day simple moving average is $60.33. Mercedes-Benz Group has a 12 month low of $53.76 and a 12 month high of $83.50.

Mercedes-Benz Group Company Profile

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.