Mercedes-Benz Group AG (OTCMKTS:MBGAF - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 6,979,900 shares, an increase of 49.5% from the April 30th total of 4,668,400 shares. Approximately 0.7% of the company's shares are short sold. Based on an average daily volume of 122,500 shares, the short-interest ratio is currently 57.0 days.
Mercedes-Benz Group Trading Up 0.2%
Shares of OTCMKTS MBGAF traded up $0.11 during midday trading on Thursday, reaching $58.61. 17,219 shares of the stock were exchanged, compared to its average volume of 41,674. The stock has a 50 day moving average price of $58.38 and a 200-day moving average price of $59.02. The company has a market capitalization of $62.70 billion, a P/E ratio of 4.42 and a beta of 1.26. Mercedes-Benz Group has a 52-week low of $51.00 and a 52-week high of $72.05.
Mercedes-Benz Group Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 12th were paid a dividend of $4.30 per share. This represents a dividend yield of 8.07%. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Mercedes-Benz Group's previous dividend of $1.63.
About Mercedes-Benz Group
(
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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.
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