DSV (OTCMKTS:DSDVY) Sees Significant Drop in Short Interest

DSV (OTCMKTS:DSDVY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,146 shares, a decrease of 83.7% from the September 30th total of 7,045 shares. Based on an average daily volume of 262,868 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DSDVY shares. Zacks Research upgraded DSV from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Citigroup reaffirmed a “buy” rating on shares of DSV in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of DSV in a report on Thursday, July 16th. Royal Bank Of Canada initiated coverage on DSV in a research report on Thursday, October 15th. They set a “hold” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of DSV in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

DSV Trading Down 1.6%

Shares of OTCMKTS:DSDVY opened at $101.48 on Tuesday. DSV has a 1 year low of $84.51 and a 1 year high of $151.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.97 and a quick ratio of 0.94. The stock’s fifty day moving average price is $97.41 and its 200-day moving average price is $118.23. The company has a market cap of $48.80 billion, a P/E ratio of 30.84, a PEG ratio of 0.90 and a beta of 1.21.

About DSV

DSV A/S is a Denmark-based global transport and logistics company. It provides freight forwarding and supply chain services across road, air and sea transportation, as well as contract logistics, warehousing, customs clearance and specialized project transportation.

The company serves businesses across a wide range of industries, including automotive, healthcare, technology, retail and manufacturing. Its international network supports the movement, storage and management of goods in markets throughout Europe, North and South America, Asia-Pacific, the Middle East and Africa.

DSV traces its history to 1976, when it was established in Denmark as a group of road-haulage companies.