Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Significant Growth in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 285,100 shares, an increase of 19.4% from the February 13th total of 238,700 shares. Based on an average daily trading volume, of 709,200 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's stock are short sold.

Mercedes-Benz Group Stock Down 0.5 %

Shares of OTCMKTS MBGYY traded down C$0.08 during trading hours on Friday, hitting C$15.71. The company had a trading volume of 249,644 shares, compared to its average volume of 385,516. Mercedes-Benz Group has a 1-year low of C$13.36 and a 1-year high of C$20.81. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The firm's 50 day moving average is C$15.40 and its 200-day moving average is C$14.99. The stock has a market capitalization of C$60.51 billion, a P/E ratio of 5.69 and a beta of 1.21.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported C$0.69 earnings per share (EPS) 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, analysts expect that Mercedes-Benz Group will post 2.26 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

A number of brokerages have commented on MBGYY. 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 shares of Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Barclays lowered Mercedes-Benz Group from an "equal weight" rating to an "underweight" rating in a research note on Monday, December 2nd. UBS Group cut Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lowered Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

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.