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

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

Mercedes-Benz Group Price Performance

OTCMKTS:MBGYY opened at C$16.32 on Thursday. Mercedes-Benz Group has a 52-week low of C$13.36 and a 52-week high of C$20.81. The stock has a fifty day moving average of C$15.33 and a 200 day moving average of C$15.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36. The firm has a market capitalization of C$62.86 billion, a price-to-earnings ratio of 5.91 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

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