Delivery Hero SE (OTCMKTS:DLVHF – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,634,761 shares, a decrease of 39.1% from the May 14th total of 2,682,746 shares. Based on an average daily volume of 20,639 shares, the days-to-cover ratio is currently 79.2 days.
Delivery Hero Trading Down 1.8%
OTCMKTS:DLVHF traded down $0.79 on Tuesday, hitting $41.81. The stock had a trading volume of 593 shares, compared to its average volume of 6,963. Delivery Hero has a 1 year low of $17.48 and a 1 year high of $46.49. The firm’s fifty day simple moving average is $30.82 and its two-hundred day simple moving average is $26.70.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on DLVHF shares. Barclays restated an “overweight” rating on shares of Delivery Hero in a report on Tuesday, May 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Delivery Hero in a report on Friday, May 1st. Citigroup restated a “neutral” rating on shares of Delivery Hero in a report on Wednesday, May 20th. Finally, Oddo Bhf lowered shares of Delivery Hero to an “underperform” rating in a report on Monday, May 25th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
About Delivery Hero
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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