Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGAF) Declines By 20.8%

Mercedes-Benz Group AG (OTCMKTS:MBGAF) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,825,800 shares, a decrease of 20.8% from the February 28th total of 2,304,000 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,200 shares, the short-interest ratio is currently 24.0 days.

Mercedes-Benz Group Price Performance

OTCMKTS:MBGAF opened at $58.99 on Wednesday. The company has a market cap of $63.11 billion, a price-to-earnings ratio of 4.45 and a beta of 1.26. Mercedes-Benz Group has a 1 year low of $53.76 and a 1 year high of $83.50. The stock’s 50 day simple moving average is $62.38 and its two-hundred day simple moving average is $59.99.

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.