DSV (OTCMKTS:DSDVY) Stock Short Interest Falls 83.7%

DSV (OTCMKTS:DSDVY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,146 shares, a drop of 83.7% from the September 30th total of 7,045 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 262,868 shares, the short-interest ratio is presently 0.0 days.

DSV Trading Up 2.4%

Shares of DSV stock opened at $103.90 on Wednesday. The stock has a 50 day moving average price of $97.12 and a 200-day moving average price of $117.95. DSV has a one year low of $84.51 and a one year high of $151.98.

Analyst Upgrades and Downgrades

DSDVY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of DSV in a report on Thursday, July 23rd. Zacks Research raised DSV from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Citigroup reissued a “buy” rating on shares of DSV in a research note on Thursday, October 22nd. Royal Bank Of Canada started coverage on DSV in a report on Thursday, October 15th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of DSV in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

DSV Company Profile

DSV A/S is a Denmark-based global transport and logistics company. It provides freight forwarding and supply chain services across road, air and sea transportation, as well as contract logistics, warehousing, customs clearance and specialized project transportation.

The company serves businesses across a wide range of industries, including automotive, healthcare, technology, retail and manufacturing. Its international network supports the movement, storage and management of goods in markets throughout Europe, North and South America, Asia-Pacific, the Middle East and Africa.

DSV traces its history to 1976, when it was established in Denmark as a group of road-haulage companies.