Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) Sees Large Decrease in Short Interest

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,116 shares, a drop of 87.0% from the September 30th total of 39,420 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 133,083 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Daimler Truck from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 30th. Morgan Stanley downgraded shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 4th. Citigroup reissued a “buy” rating on shares of Daimler Truck in a research note on Wednesday, August 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Finally, Kepler Capital Markets raised Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Daimler Truck Price Performance

DTRUY opened at $22.56 on Thursday. Daimler Truck has a 12-month low of $19.43 and a 12-month high of $28.73. The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $24.74. The company has a market capitalization of $34.54 billion, a price-to-earnings ratio of 45.12 and a beta of 0.06.

Daimler Truck (OTCMKTS:DTRUY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.39). Daimler Truck had a net margin of 5.87% and a return on equity of 4.79%. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.29 billion. On average, equities research analysts anticipate that Daimler Truck will post 2.00 earnings per share for the current fiscal year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.