Daimler Truck Holding AG (OTCMKTS:DTRUY) Sees Large Decrease in Short Interest

Daimler Truck Holding AG (OTCMKTS:DTRUY) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 3,800 shares, a decline of 17.4% from the August 15th total of 4,600 shares. Based on an average trading volume of 60,400 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DTRUY shares. The Goldman Sachs Group downgraded shares of Daimler Truck from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 27th. HSBC raised shares of Daimler Truck from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

Daimler Truck Trading Up 2.8 %

Shares of OTCMKTS:DTRUY traded up $0.48 during trading on Wednesday, reaching $17.74. The company had a trading volume of 21,815 shares, compared to its average volume of 28,457. The firm’s fifty day moving average is $18.78 and its 200 day moving average is $21.19. Daimler Truck has a twelve month low of $14.96 and a twelve month high of $25.98.

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.