Mercedes-Benz Group AG (OTCMKTS:MBGAF) Short Interest Down 54.7% in February

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

Mercedes-Benz Group Price Performance

Shares of Mercedes-Benz Group stock opened at $65.40 on Friday. The firm has a market capitalization of $69.97 billion, a PE ratio of 4.94 and a beta of 1.26. The company’s fifty day moving average price is $60.88 and its two-hundred day moving average price is $60.26. Mercedes-Benz Group has a 52-week low of $53.76 and a 52-week high of $83.50.

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.