Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Expands By 177.3%

Key Points

• Mercedes-Benz Group AG experienced a significant increase in short interest, rising by 177.3% in July from 99,200 shares to 275,100 shares.
• The company reported earnings of C$0.27 EPS for the last quarter, with a revenue of C$37.62 billion and a net margin of 4.85%.
• As of now, the company's stock price is around C$14.15, with a 52-week range between C$12.55 and C$17.54.

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 275,100 shares, agrowthof177.3% from the June 30th total of 99,200 shares. Based on an average daily volume of 517,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 517,600 shares, the short-interest ratio is currently 0.5 days.

Mercedes-Benz Group Stock Up 2.4%

Shares of Mercedes-Benz Group stock traded up C$0.36 on Friday, hitting C$15.17. The company's stock had a trading volume of 117,159 shares, compared to its average volume of 353,696. The company has a market capitalization of C$58.43 billion, a P/E ratio of 4.61 and a beta of 1.01. The firm has a fifty day moving average price of C$14.74 and a 200-day moving average price of C$14.94. Mercedes-Benz Group has a 52-week low of C$12.55 and a 52-week high of C$17.54.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported C$0.27 EPS for the quarter. Mercedes-Benz Group had a return on equity of 7.35% and a net margin of 4.85%. The business had revenue of C$37.62 billion for the quarter. As a group, analysts expect that Mercedes-Benz Group will post 2.26 earnings per share for the current 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.