Short Interest in Mercedes-Benz Group AG (OTCMKTS:MBGYY) Declines By 43.0%

Mercedes-Benz Group AG (OTCMKTS:MBGYY) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 48,500 shares, a decline of 43.0% from the March 31st total of 85,100 shares. Based on an average daily volume of 294,500 shares, the short-interest ratio is presently 0.2 days.

Mercedes-Benz Group Stock Performance

MBGYY traded up C$0.24 on Friday, hitting C$19.84. 95,659 shares of the company were exchanged, compared to its average volume of 198,726. Mercedes-Benz Group has a 12 month low of C$14.53 and a 12 month high of C$20.81. The stock’s fifty day moving average is C$19.79 and its 200-day moving average is C$17.69.

Mercedes-Benz Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $1.0131 per share. The ex-dividend date is Thursday, May 9th.

Analyst Ratings Changes

MBGYY has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on Mercedes-Benz Group in a research note on Wednesday, January 24th. They issued a “neutral” rating for the company. Barclays raised Mercedes-Benz Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 23rd.

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.