Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGAF) Drops By 54.7%

Mercedes-Benz Group AG (OTCMKTS:MBGAF) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 2,304,000 shares, a drop of 54.7% from the February 13th total of 5,082,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 90,000 shares, the days-to-cover ratio is presently 25.6 days.

Mercedes-Benz Group Stock Down 2.2 %

Shares of MBGAF opened at $64.32 on Friday. The stock’s 50-day moving average price is $60.66 and its 200 day moving average price is $60.35. Mercedes-Benz Group has a 12-month low of $53.76 and a 12-month high of $83.50. The firm has a market capitalization of $68.81 billion, a price-to-earnings ratio of 4.85 and a beta of 1.26.

Mercedes-Benz Group Company Profile

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.