Mercedes-Benz Group AG (OTCMKTS:MBGAF) Sees Significant Decrease in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGAF - Get Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,825,800 shares, a decline of 20.8% from the February 28th total of 2,304,000 shares. Approximately 0.2% of the company's stock are short sold. Based on an average daily volume of 76,200 shares, the short-interest ratio is currently 24.0 days.

Mercedes-Benz Group Trading Down 3.1 %

Mercedes-Benz Group stock traded down $1.82 during midday trading on Friday, hitting $56.71. The stock had a trading volume of 77,871 shares, compared to its average volume of 41,404. The business has a fifty day moving average price of $62.35 and a 200 day moving average price of $59.95. Mercedes-Benz Group has a 12 month low of $53.76 and a 12 month high of $83.50. The stock has a market cap of $60.67 billion, a P/E ratio of 4.28 and a beta of 1.26.

Mercedes-Benz Group Company Profile

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.