Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGAF) Expands By 187.4%

Mercedes-Benz Group AG (OTCMKTS:MBGAF) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,633,800 shares, a growth of 187.4% from the December 15th total of 1,264,200 shares. Based on an average trading volume of 118,700 shares, the short-interest ratio is currently 30.6 days.

Mercedes-Benz Group Price Performance

OTCMKTS MBGAF traded up $0.49 during trading on Tuesday, reaching $57.19. 16,362 shares of the company’s stock traded hands, compared to its average volume of 43,745. The company’s 50 day simple moving average is $55.97 and its two-hundred day simple moving average is $62.00. Mercedes-Benz Group has a 12-month low of $53.76 and a 12-month high of $83.50. The firm has a market cap of $61.18 billion, a price-to-earnings ratio of 4.32 and a beta of 1.26.

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.