Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Grows By 102.3%

Key Points

• Short interest in Mercedes-Benz Group AG has increased by 102.3%, rising from 120,300 shares to 243,400 shares as of August 31st.
• The company's stock has a PE ratio of 4.60 and a market capitalization of C$58.24 billion, with shares trading at C$15.12 recently.
• Mercedes-Benz reported a net margin of 4.85% and revenue of C$37.62 billion in its last earnings report for the quarter ending July 30th.

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 243,400 shares, an increase of 102.3% from the August 15th total of 120,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 428,100 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 428,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Mercedes-Benz Group Price Performance

Shares of MBGYY traded down C$0.15 during trading hours on Friday, hitting C$15.12. 104,315 shares of the company were exchanged, compared to its average volume of 172,188. The company has a market capitalization of C$58.24 billion, a PE ratio of 4.60 and a beta of 0.98. The firm has a fifty day simple moving average of C$15.24 and a 200-day simple moving average of C$14.98. Mercedes-Benz Group has a one year low of C$12.55 and a one year high of C$16.87.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last announced its earnings results 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 during the quarter. Sell-side analysts expect that Mercedes-Benz Group will post 2.26 EPS 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.

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