Delivery Hero SE (OTCMKTS:DLVHF) Stock Short Interest Declines 45.2%

Delivery Hero SE (OTCMKTS:DLVHF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 298,990 shares, a decline of 45.2% from the September 30th total of 545,420 shares. Based on an average daily volume of 50,001 shares, the short-interest ratio is presently 6.0 days.

Analysts Set New Price Targets

Several research firms have commented on DLVHF. Barclays downgraded shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Jefferies Financial Group cut Delivery Hero to a “hold” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Delivery Hero in a research note on Thursday, July 16th. Finally, UBS Group lowered Delivery Hero from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Delivery Hero Price Performance

Shares of OTCMKTS:DLVHF remained flat at $42.50 during midday trading on Friday. The business has a 50-day simple moving average of $41.77 and a two-hundred day simple moving average of $34.35. Delivery Hero has a 1 year low of $17.48 and a 1 year high of $46.49.

About Delivery Hero

Delivery Hero SE is a Germany-based technology company that operates online food-ordering and delivery platforms. Through its websites and mobile applications, the company connects customers with restaurants, grocery stores and other merchants, while also providing delivery and logistics services.

Founded in Berlin in 2011, Delivery Hero has expanded internationally through organic growth, acquisitions and a portfolio of regional brands. Its businesses have included foodpanda, which serves markets across Asia and selected other regions, as well as platforms operating in the Middle East, North Africa, Latin America and Europe.