Delivery Hero SE (OTCMKTS:DLVHF) Short Interest Down 39.1% in May

Delivery Hero SE (OTCMKTS:DLVHF) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,634,761 shares, a decline of 39.1% from the May 14th total of 2,682,746 shares. Based on an average daily trading volume, of 20,639 shares, the days-to-cover ratio is presently 79.2 days.

Analyst Upgrades and Downgrades

DLVHF has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Delivery Hero in a report on Friday, May 1st. Oddo Bhf downgraded Delivery Hero to an “underperform” rating in a report on Monday, May 25th. Citigroup reiterated a “neutral” rating on shares of Delivery Hero in a report on Wednesday, May 20th. Finally, Barclays reissued an “overweight” rating on shares of Delivery Hero in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Delivery Hero has a consensus rating of “Hold”.

Delivery Hero Price Performance

DLVHF opened at $42.60 on Monday. Delivery Hero has a 12 month low of $17.48 and a 12 month high of $46.49. The business has a fifty day moving average price of $30.36 and a 200 day moving average price of $26.54.

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.