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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DHLGY shares. Jefferies Financial Group downgraded DHL Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Zacks Research raised DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of DHL Group in a report on Friday, May 8th. Kepler Capital Markets raised DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded DHL Group from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, DHL Group currently has an average rating of “Moderate Buy”.

DHL Group Stock Performance

OTCMKTS:DHLGY opened at $29.66 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.93. The business has a fifty day simple moving average of $28.92 and a two-hundred day simple moving average of $43.51. DHL Group has a 1 year low of $21.77 and a 1 year high of $30.90. The company has a market capitalization of $66.40 billion, a P/E ratio of 13.38, a P/E/G 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.