Mercedes-Benz Group AG (OTCMKTS:MBGYY) Sees Significant Decline in Short Interest

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 124,400 shares, a decline of 26.0% from the June 30th total of 168,000 shares. Based on an average daily volume of 460,700 shares, the short-interest ratio is presently 0.3 days.

Mercedes-Benz Group Stock Down 0.5 %

MBGYY traded down C$0.09 during midday trading on Friday, hitting C$17.06. 188,408 shares of the company were exchanged, compared to its average volume of 198,415. The firm’s 50 day moving average price is C$17.45 and its 200-day moving average price is C$18.33. Mercedes-Benz Group has a 1-year low of C$14.53 and a 1-year high of C$20.81.

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.