D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Sees Significant Decline in Short Interest

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 364,300 shares, a drop of 22.6% from the December 31st total of 470,900 shares. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is currently 0.2 days.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Performance

Shares of NASDAQ HEPS opened at $3.18 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $3.13 and a 200 day moving average price of $2.92. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 52 week low of $1.25 and a 52 week high of $4.05.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($0.03) earnings per share for the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative return on equity of 30.48% and a negative net margin of 3.28%. Research analysts predict that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HEPS. Hsbc Global Res lowered shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. HSBC cut D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a research report on Wednesday, January 22nd.

Institutional Trading of D-Market Elektronik Hizmetler ve Ticaret A.S.

Several large investors have recently bought and sold shares of the company. ABS Direct Equity Fund LLC purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter worth about $545,000. JPMorgan Chase & Co. raised its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the third quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock worth $216,000 after acquiring an additional 85,245 shares during the last quarter. State Street Corp lifted its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% in the third quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after purchasing an additional 47,639 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the third quarter valued at approximately $66,000. Finally, Jane Street Group LLC increased its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the 3rd quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock worth $110,000 after purchasing an additional 29,046 shares in the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

About D-Market Elektronik Hizmetler ve Ticaret A.S.

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.