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

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

Delivery Hero Price Performance

Shares of OTCMKTS:DLVHF remained flat at $42.50 on Friday. Delivery Hero has a twelve month low of $17.48 and a twelve month high of $46.49. The firm’s 50-day moving average is $41.77 and its two-hundred day moving average is $34.35.

Analyst Ratings Changes

DLVHF has been the subject of several recent analyst reports. Barclays lowered shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. UBS Group downgraded shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Delivery Hero in a research note on Thursday, July 16th. Finally, Jefferies Financial Group downgraded shares of Delivery Hero to a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Delivery Hero presently has an average 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.