Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Large Drop in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 100,600 shares, a drop of 20.4% from the March 15th total of 126,400 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 617,800 shares, the short-interest ratio is presently 0.2 days.

Mercedes-Benz Group Stock Performance

OTCMKTS:MBGYY traded up C$0.17 during mid-day trading on Wednesday, hitting C$14.89. The stock had a trading volume of 445,937 shares, compared to its average volume of 441,013. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of C$15.15 and a 200-day simple moving average of C$14.72. The stock has a market capitalization of C$57.35 billion, a price-to-earnings ratio of 5.39 and a beta of 1.09. Mercedes-Benz Group has a 52 week low of C$12.55 and a 52 week high of C$20.05.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported C$0.69 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. The firm had revenue of C$41.02 billion for the quarter. On average, research analysts expect that Mercedes-Benz Group will post 2.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MBGYY. Sanford C. Bernstein downgraded shares of Mercedes-Benz Group from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Barclays raised shares of Mercedes-Benz Group from a "strong sell" rating to a "hold" rating in a report on Friday, March 21st. The Goldman Sachs Group lowered Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Berenberg Bank downgraded Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Mercedes-Benz Group presently has an average rating of "Hold".

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.