Short Interest in DSV (OTCMKTS:DSDVY) Drops By 57.7%

DSV (OTCMKTS:DSDVY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,142 shares, a decline of 57.7% from the August 15th total of 2,698 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 159,079 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DSDVY shares. Zacks Research cut shares of DSV from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DSV in a report on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating on shares of DSV in a research note on Thursday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of DSV in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

DSV Price Performance

DSV stock opened at $100.16 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.38. DSV has a twelve month low of $97.90 and a twelve month high of $151.98. The stock has a market capitalization of $48.17 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 0.81 and a beta of 1.19. The stock has a 50 day moving average of $111.00 and a two-hundred day moving average of $119.14.

DSV Company Profile

DSV A/S is a Denmark-based global transport and logistics company that provides supply chain services for businesses worldwide. Its offerings include road, air and sea freight, rail transportation, contract logistics, warehousing, customs clearance and related supply chain management services.

The company serves customers across a broad range of industries, including automotive, healthcare, technology, energy, retail and industrial manufacturing. DSV manages transportation and logistics activities across Europe, North America, Asia-Pacific, Latin America, the Middle East and Africa.

DSV was founded in Denmark in 1976 by a group of nine independent hauliers.