Short Interest in Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY) Drops By 38.4%

Key Points

• Short interest in Daimler Truck Holding AG dropped by 38.4%, totaling 21,500 shares as of September 30th, reflecting a decline from 34,900 shares on September 15th.
• Equities analysts have a mixed outlook on Daimler Truck, with Zacks Research downgrading the stock from "hold" to "strong sell," while Royal Bank of Canada maintained an "outperform" rating.
• Daimler Truck's stock has seen a trading decline of 0.6%, with a current price of $20.21, below its fifty-day moving average of $22.01 and significantly below its 52-week high of $26.40.

Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 21,500 shares, a decrease of 38.4% from the September 15th total of 34,900 shares. Based on an average daily trading volume, of 57,700 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 57,700 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DTRUY shares. Zacks Research cut Daimler Truck from a "hold" rating to a "strong sell" rating in a report on Monday, October 13th. Royal Bank Of Canada restated an "outperform" rating on shares of Daimler Truck in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Daimler Truck has an average rating of "Hold".

Daimler Truck Trading Down 0.6%

Shares of OTCMKTS:DTRUY opened at $20.21 on Wednesday. The firm's fifty day moving average is $22.01 and its 200-day moving average is $21.97. Daimler Truck has a 52 week low of $16.94 and a 52 week high of $26.40.

Daimler Truck announced that its board has authorized a stock repurchase plan on Monday, July 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically 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.

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