Mercedes-Benz Group AG (OTCMKTS:MBGAF) Short Interest Update

Mercedes-Benz Group AG (OTCMKTS:MBGAF) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 740,900 shares, a drop of 27.2% from the May 31st total of 1,018,400 shares. Based on an average daily volume of 67,500 shares, the days-to-cover ratio is presently 11.0 days.

Mercedes-Benz Group Stock Performance

Shares of OTCMKTS MBGAF traded up $0.95 during midday trading on Friday, reaching $69.07. 15,930 shares of the stock were exchanged, compared to its average volume of 26,228. The business has a 50-day simple moving average of $72.87 and a two-hundred day simple moving average of $73.44. Mercedes-Benz Group has a 12 month low of $58.43 and a 12 month high of $83.50. The company has a current ratio of 1.26, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69.

Mercedes-Benz Group (OTCMKTS:MBGAF) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.26. Mercedes-Benz Group had a net margin of 8.80% and a return on equity of 14.60%. The company had revenue of $38.95 billion for the quarter. On average, analysts anticipate that Mercedes-Benz Group will post 12.68 earnings per share for the current fiscal year.

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.