Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY) Short Interest Update

Key Points

• Daimler Truck Holding AG saw a significant increase in short interest, rising by 237.0% to 45,500 shares in August from 13,500 in July.
• The company's stock traded down 1.1% to $22.32 with a one-year trading range between $16.31 and $26.40.
• Analysts have mixed ratings on the stock, with two giving a Buy rating, one a Hold rating, and one a Sell rating.

Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 45,500 shares, anincreaseof237.0% from the July 31st total of 13,500 shares. Based on an average trading volume of 59,200 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 59,200 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DTRUY. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Daimler Truck in a research note on Tuesday, August 5th. Citigroup reaffirmed a "buy" rating on shares of Daimler Truck in a research note on Friday, May 16th. Finally, Zacks Research raised Daimler Truck to a "hold" rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold".

Daimler Truck Trading Up 1.2%

Shares of DTRUY traded up $0.27 during trading hours on Friday, hitting $22.52. The company had a trading volume of 10,351 shares, compared to its average volume of 18,585. Daimler Truck has a one year low of $16.31 and a one year high of $26.40. The company's fifty day moving average price is $23.84 and its two-hundred day moving average price is $22.05.

Daimler Truck declared that its board has approved a stock buyback program on Monday, July 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Daimler Truck Company Profile

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.