Short Interest in Delivery Hero SE (OTCMKTS:DLVHF) Decreases By 32.4%

Delivery Hero SE (OTCMKTS:DLVHFGet Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 761,008 shares, a decline of 32.4% from the June 30th total of 1,126,366 shares. Based on an average daily trading volume, of 33,795 shares, the days-to-cover ratio is currently 22.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DLVHF shares. Citigroup reissued a “neutral” rating on shares of Delivery Hero in a research note on Wednesday, May 20th. Jefferies Financial Group cut shares of Delivery Hero to a “hold” rating in a research note on Friday, July 24th. UBS Group downgraded shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Delivery Hero in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Delivery Hero in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Read Our Latest Report on DLVHF

Delivery Hero Stock Down 5.7%

Shares of OTCMKTS:DLVHF opened at $40.92 on Friday. The business has a 50-day moving average of $42.26 and a two-hundred day moving average of $30.94. Delivery Hero has a fifty-two week low of $17.48 and a fifty-two week high of $46.49.

About Delivery Hero

(Get Free Report)

Delivery Hero SE is a global online food‐ordering and delivery platform that connects consumers, restaurants and couriers through its digital marketplace. The company’s core business revolves around providing a seamless, on‐demand food delivery experience via mobile apps and websites. Beyond traditional restaurant delivery, Delivery Hero also operates a network of cloud kitchens—known as “dark kitchens”—to meet growing consumer demand for a broader variety of cuisines and faster fulfilment times.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero has grown through a combination of organic expansion and strategic acquisitions.

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