DSV (OTCMKTS:DSDVY) Short Interest Down 81.0% in May

DSV (OTCMKTS:DSDVY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,852 shares, a decline of 81.0% from the May 14th total of 9,762 shares. Based on an average daily volume of 85,115 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of DSV in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a research report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DSV currently has a consensus rating of “Moderate Buy”.

DSV Price Performance

DSDVY stock opened at $120.11 on Wednesday. The stock’s 50 day moving average is $124.36 and its two-hundred day moving average is $126.87. DSV has a 52-week low of $97.90 and a 52-week high of $151.98. The company has a market capitalization of $57.76 billion, a PE ratio of 38.13, a P/E/G ratio of 0.87 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.48.

DSV (OTCMKTS:DSDVY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.15. The business had revenue of $11.03 billion during the quarter, compared to the consensus estimate of $10.89 billion. DSV had a net margin of 2.55% and a return on equity of 9.45%. Analysts predict that DSV will post 5.05 earnings per share for the current fiscal year.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value?added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.