Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY) Sees Large Decline in Short Interest

Key Points

• Short interest plunged 87% to 5,116 shares as of October 15, down from 39,420 shares at the end of September. Short interest represented approximately 0.0% of shares outstanding.
• Daimler Truck shares opened at $22.82, up 1.7%, with a $34.94 billion market capitalization. The stock trades between a 52-week range of $19.43 to $28.73.
• The company reported quarterly EPS of $0.09, missing the $0.48 analyst consensus, while revenue of $14.20 billion was slightly below expectations. Analysts maintain an overall “Moderate Buy” rating, with five Buy and three Hold recommendations.

Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 5,116 shares, a decrease of 87.0% from the September 30th total of 39,420 shares. Based on an average daily trading volume, of 133,083 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Daimler Truck Stock Up 1.7%

Shares of Daimler Truck stock opened at $22.82 on Tuesday. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $28.73. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 45.64 and a beta of 0.06. The company has a 50-day moving average of $24.70 and a 200 day moving average of $24.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.70 and a quick ratio of 1.33.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.39). Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.29 billion. As a group, sell-side analysts anticipate that Daimler Truck will post 2.00 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Daimler Truck in a report on Thursday, July 23rd. Zacks Research raised Daimler Truck from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 30th. Kepler Capital Markets upgraded Daimler Truck from a "reduce" rating to a "buy" rating in a research note on Tuesday, July 21st. Barclays upgraded Daimler Truck from a "hold" rating to an "overweight" rating in a research report on Tuesday, July 7th. Finally, Citigroup reiterated a "buy" rating on shares of Daimler Truck in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Daimler Truck currently has an average rating of "Moderate Buy".

About Daimler Truck

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.

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