Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY) Shares Shorted: Short Interest Up 187.9% in September

Key Points

• Short interest in Daimler Truck surged 187.9% to 41,477 shares as of September 15, up from 14,407 shares at the end of August. Despite the increase, short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.6 days.
• DTRUY shares rose 1.8% to $24.26 during Friday trading, while the company’s latest quarterly results fell short of expectations. Daimler Truck reported $0.09 in EPS versus a $0.48 consensus estimate and revenue of $14.20 billion versus $14.29 billion expected.
• Analyst sentiment remains positive overall, with the stock holding a “Moderate Buy” consensus rating: one Strong Buy, five Buys, two Holds and one Sell.

Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 41,477 shares, an increase of 187.9% from the August 31st total of 14,407 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 64,628 shares, the short-interest ratio is currently 0.6 days.

Daimler Truck Stock Up 1.8%

Shares of OTCMKTS DTRUY traded up $0.42 during mid-day trading on Friday, reaching $24.26. 31,774 shares of the company were exchanged, compared to its average volume of 32,074. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $28.73. The firm has a 50-day moving average of $26.27 and a 200 day moving average of $25.01. The stock has a market cap of $37.15 billion and a price-to-earnings ratio of 48.52. The company has a quick ratio of 1.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.82.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.39). The company had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.29 billion. Daimler Truck had a net margin of 5.87% and a return on equity of 4.79%. On average, research analysts expect that Daimler Truck will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DTRUY shares. Kepler Capital Markets raised shares of Daimler Truck from a "reduce" rating to a "buy" rating in a research note on Tuesday, July 21st. Zacks Research downgraded shares of Daimler Truck from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 13th. Citigroup reaffirmed a "buy" rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Morgan Stanley lowered shares of Daimler Truck from an "overweight" rating to an "equal weight" rating in a report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Daimler Truck in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently 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 trucks, buses and coaches for long-haul transportation, construction, distribution, municipal and other commercial applications.

Its principal brands include Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck offers vehicles powered by conventional and alternative drivetrains, including battery-electric and hydrogen-based technologies, along with digital fleet-management, connectivity and other transportation solutions.

The company serves customers across Europe, North America, Latin America and Asia, as well as other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.