Delivery Hero SE (OTCMKTS:DLVHF) Sees Large Decline in Short Interest

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

Delivery Hero Price Performance

Delivery Hero stock remained flat at $42.50 during midday trading on Monday. The stock has a 50 day moving average price of $41.77 and a 200-day moving average price of $34.35. Delivery Hero has a one year low of $17.48 and a one year high of $46.49.

Analyst Upgrades and Downgrades

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

Delivery Hero Company Profile

Delivery Hero SE is a Germany-based technology company that operates online food-ordering and delivery platforms. Through its digital marketplaces, customers can browse restaurants and other merchants, place orders, and arrange delivery through websites and mobile applications.

The company also provides logistics and delivery services, including technology that supports order management, dispatching, and last-mile delivery. In addition to restaurant meals, its platforms offer groceries, convenience items, and other everyday products through quick-commerce services and delivery-focused retail locations.