Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Declines By 84.9%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 13,491 shares, a decrease of 84.9% from the January 15th total of 89,479 shares. Based on an average daily volume of 630,247 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 630,247 shares, the short-interest ratio is currently 0.0 days.

Mercedes-Benz Group Stock Down 0.7%

Mercedes-Benz Group stock traded down C$0.12 during trading on Wednesday, reaching C$17.23. The stock had a trading volume of 55,210 shares, compared to its average volume of 232,705. Mercedes-Benz Group has a 52-week low of C$12.55 and a 52-week high of C$18.16. The business has a 50 day moving average price of C$17.44 and a 200 day moving average price of C$16.32. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. The stock has a market cap of C$66.36 billion, a PE ratio of 5.47 and a beta of 0.83.

Analysts Set New Price Targets

MBGYY has been the subject of several research analyst reports. DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. HSBC raised Mercedes-Benz Group to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group upgraded Mercedes-Benz Group to a “strong-buy” rating in a research report on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mercedes-Benz Group has a consensus rating of “Buy”.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.