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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 110,000 shares, a drop of 61.9% from the October 15th total of 288,600 shares. Based on an average daily trading volume, of 1,123,100 shares, the days-to-cover ratio is currently 0.1 days.

Mercedes-Benz Group Trading Down 1.4 %

Shares of Mercedes-Benz Group stock traded down C$0.19 on Wednesday, hitting C$13.78. The company had a trading volume of 895,269 shares, compared to its average volume of 375,016. The stock has a 50 day moving average of C$15.48 and a 200-day moving average of C$16.74. Mercedes-Benz Group has a 1 year low of C$13.70 and a 1 year high of C$20.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Friday, October 25th. The company reported C$0.50 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. The company had revenue of C$37.95 billion for the quarter. On average, equities analysts forecast that Mercedes-Benz Group will post 2.55 EPS for the current fiscal year.

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.