Mercedes-Benz Group AG (OTCMKTS:MBGAF) Short Interest Up 21.1% in October

Mercedes-Benz Group AG (OTCMKTS:MBGAF) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,444,800 shares, a growth of 21.1% from the September 30th total of 1,193,500 shares. Based on an average trading volume of 59,400 shares, the short-interest ratio is presently 24.3 days.

Mercedes-Benz Group Price Performance

Shares of OTCMKTS MBGAF traded down $0.29 during trading on Wednesday, reaching $61.09. 55,651 shares of the stock traded hands, compared to its average volume of 43,416. The company has a 50-day moving average of $64.02 and a 200-day moving average of $68.56. Mercedes-Benz Group has a 52-week low of $58.43 and a 52-week high of $83.50. The stock has a market capitalization of $65.36 billion, a P/E ratio of 4.46 and a beta of 1.26.

Analysts Set New Price Targets

Separately, UBS Group upgraded Mercedes-Benz Group to a “strong-buy” rating in a research note on Wednesday, September 4th.

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.