Daimler Truck Holding AG (OTCMKTS:DTRUY) Sees Significant Drop in Short Interest

Daimler Truck Holding AG (OTCMKTS:DTRUY) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 15,400 shares, a decrease of 53.6% from the November 15th total of 33,200 shares. Based on an average daily volume of 118,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DTRUY. HSBC upgraded shares of Daimler Truck from a “hold” rating to a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group downgraded shares of Daimler Truck from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 27th.

Daimler Truck Stock Up 0.7 %

OTCMKTS:DTRUY traded up $0.14 during trading hours on Friday, reaching $19.40. 26,560 shares of the stock were exchanged, compared to its average volume of 32,375. Daimler Truck has a twelve month low of $16.31 and a twelve month high of $25.98. The business has a 50-day moving average of $19.66 and a two-hundred day moving average of $19.36.

About Daimler Truck

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.