Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Large Decline in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 29,900 shares, a decrease of 64.7% from the April 30th total of 84,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 665,400 shares, the days-to-cover ratio is currently 0.0 days.

Mercedes-Benz Group Trading Down 0.4%

Shares of MBGYY traded down C$0.06 during midday trading on Friday, hitting C$14.87. The stock had a trading volume of 175,538 shares, compared to its average volume of 406,346. Mercedes-Benz Group has a 1 year low of C$12.55 and a 1 year high of C$18.08. The firm has a market cap of C$57.25 billion, a PE ratio of 5.39 and a beta of 1.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98. The stock's 50 day moving average is C$14.55 and its 200 day moving average is C$14.69.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported C$1.83 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. The firm had revenue of C$34.95 billion for the quarter. As a group, analysts forecast that Mercedes-Benz Group will post 2.26 EPS for the current fiscal year.

Mercedes-Benz Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.8297 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 5.54%. Mercedes-Benz Group's payout ratio is 21.00%.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Mercedes-Benz Group from a "strong sell" rating to a "hold" rating in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

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.