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

Delivery Hero SE (OTCMKTS:DLVHF) saw a significant drop in short interest in 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 daily volume of 50,001 shares, the days-to-cover ratio is currently 6.0 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DLVHF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Delivery Hero in a report on Thursday, July 16th. UBS Group cut Delivery Hero from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Barclays downgraded shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group lowered shares of 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Delivery Hero Stock Performance

Shares of Delivery Hero stock remained flat at $42.50 during mid-day trading on Friday. Delivery Hero has a 12 month low of $17.48 and a 12 month high of $46.49. The firm has a fifty day moving average of $41.77 and a 200-day moving average of $34.35.

Delivery Hero Company Profile

Delivery Hero SE is a Germany-based technology company that operates online food-ordering and delivery platforms. Through its websites and mobile applications, the company connects customers with restaurants, grocery stores and other merchants, while also providing delivery and logistics services.

Founded in Berlin in 2011, Delivery Hero has expanded internationally through organic growth, acquisitions and a portfolio of regional brands. Its businesses have included foodpanda, which serves markets across Asia and selected other regions, as well as platforms operating in the Middle East, North Africa, Latin America and Europe.