Mercedes-Benz Group AG (OTCMKTS:MBGYY) Short Interest Up 130.5% in January

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 89,479 shares, an increase of 130.5% from the December 31st total of 38,816 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 424,735 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 424,735 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research firms have weighed in on MBGYY. The Goldman Sachs Group upgraded Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Hsbc Global Res upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Mercedes-Benz Group Price Performance

Shares of MBGYY traded up C$0.16 during mid-day trading on Thursday, hitting C$17.23. 248,098 shares of the stock were exchanged, compared to its average volume of 259,471. The firm has a 50-day moving average of C$17.33 and a two-hundred day moving average of C$16.18. Mercedes-Benz Group has a 52-week low of C$12.55 and a 52-week high of C$18.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 1.27. The company has a market cap of C$66.36 billion, a PE ratio of 5.47 and a beta of 0.82.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.59%. The company had revenue of C$37.58 billion for the quarter. On average, equities analysts predict that Mercedes-Benz Group will post 2.26 earnings per share for the current year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.