Short Interest in Delivery Hero SE (OTCMKTS:DLVHF) Declines By 8.6%

Delivery Hero SE (OTCMKTS:DLVHF) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 4,289,900 shares, a drop of 8.6% from the August 31st total of 4,694,500 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 3,899.9 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Delivery Hero to a “strong-buy” rating in a research report on Thursday, August 1st.

Delivery Hero Price Performance

OTCMKTS DLVHF traded up $0.40 during midday trading on Monday, hitting $40.00. The company had a trading volume of 627 shares, compared to its average volume of 5,921. The firm has a 50-day moving average price of $26.52 and a 200-day moving average price of $27.79. Delivery Hero has a twelve month low of $17.80 and a twelve month high of $40.70.

About Delivery Hero

Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 70 countries in Asia, the Middle East, Africa, Europe, and Latin America. The company was founded in 2011 and is headquartered in Berlin, Germany.