Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Increases By 19.4%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 285,100 shares, an increase of 19.4% from the February 13th total of 238,700 shares. Based on an average daily volume of 709,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Mercedes-Benz Group Price Performance

OTCMKTS:MBGYY traded up C$0.27 on Wednesday, reaching C$16.63. 426,554 shares of the company’s stock traded hands, compared to its average volume of 387,701. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The stock has a 50-day simple moving average of C$15.28 and a 200-day simple moving average of C$14.99. The firm has a market cap of C$64.05 billion, a PE ratio of 6.03 and a beta of 1.21. Mercedes-Benz Group has a 12 month low of C$13.36 and a 12 month high of C$20.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Thursday, February 20th. The company reported C$0.69 EPS for the quarter. The company had revenue of C$41.02 billion during the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. Equities research analysts forecast that Mercedes-Benz Group will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MBGYY shares. Sanford C. Bernstein lowered Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Berenberg Bank lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group cut Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barclays lowered Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group lowered Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Mercedes-Benz Group currently has a consensus rating of “Hold”.

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.