Mercedes-Benz Group AG (OTCMKTS:MBGAF) Short Interest Up 99.8% in March

Mercedes-Benz Group AG (OTCMKTS:MBGAF - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,648,400 shares, an increase of 99.8% from the March 15th total of 1,825,800 shares. Based on an average daily trading volume, of 60,500 shares, the days-to-cover ratio is currently 60.3 days. Approximately 0.3% of the company's shares are sold short.

Mercedes-Benz Group Stock Up 1.0 %

MBGAF traded up $0.56 during trading hours on Friday, reaching $57.26. 17,155 shares of the company's stock traded hands, compared to its average volume of 42,741. The firm has a 50-day moving average price of $61.13 and a 200 day moving average price of $59.27. The firm has a market capitalization of $61.26 billion, a PE ratio of 4.32 and a beta of 1.26. Mercedes-Benz Group has a 52-week low of $51.00 and a 52-week high of $80.46.

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.

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