Short Interest in DHL Group Sponsored ADR (OTCMKTS:DHLGY) Drops By 59.7%

DHL Group Sponsored ADR (OTCMKTS:DHLGY) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,204 shares, a decline of 59.7% from the May 31st total of 35,221 shares. Based on an average daily volume of 1,078,708 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

DHLGY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of DHL Group from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Barclays reissued an “overweight” rating on shares of DHL Group in a report on Tuesday, June 16th. Citigroup reaffirmed a “buy” rating on shares of DHL Group in a report on Friday, May 8th. Zacks Research upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Finally, Kepler Capital Markets upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, DHL Group currently has a consensus rating of “Moderate Buy”.

DHL Group Price Performance

Shares of OTCMKTS:DHLGY opened at $29.66 on Monday. The firm has a fifty day moving average price of $28.92 and a two-hundred day moving average price of $43.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.93. DHL Group has a one year low of $21.77 and a one year high of $30.90. The company has a market cap of $66.40 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.59 and a beta of 1.21.

DHL Group Company Profile

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time?sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e?commerce fulfillment solutions, and national postal and parcel operations in Germany.