Mercedes-Benz Group AG (OTCMKTS:MBGYY) Short Interest Up 21.4% in June

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 77,600 shares, an increase of 21.4% from the May 31st total of 63,900 shares. Based on an average trading volume of 287,500 shares, the days-to-cover ratio is currently 0.3 days.

Mercedes-Benz Group Stock Performance

Shares of MBGYY traded up C$0.13 during trading hours on Tuesday, reaching C$17.38. 300,214 shares of the company’s stock traded hands, compared to its average volume of 188,282. Mercedes-Benz Group has a 12 month low of C$14.53 and a 12 month high of C$20.81. The firm’s 50 day simple moving average is C$18.12 and its 200-day simple moving average is C$18.32.

Mercedes-Benz Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were issued a dividend of $1.0131 per share. The ex-dividend date was Thursday, May 9th.

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.