DHT Holdings Sees Large Drop in Short Interest (DHT)
DHT Holdings (NYSE:DHT) was the target of a significant drop in short interest in the month of January. As of March 14th, there was short interest totalling 253,347 shares, a drop of 74.6% from the February 28th total of 997,041 shares, Analyst Ratings Network reports. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 469,739 shares, the days-to-cover ratio is presently 0.5 days.
A number of research firms have recently commented on DHT. Analysts at UBS AG initiated coverage on shares of DHT Holdings in a research note on Thursday, March 13th. They set a “buy” rating and a $10.00 price target on the stock. Separately, analysts at Zacks downgraded shares of DHT Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, March 10th. They now have a $8.90 price target on the stock. Finally, analysts at TheStreet upgraded shares of DHT Holdings to a “hold” rating in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. DHT Holdings presently has a consensus rating of “Hold” and an average price target of $7.65.
DHT Holdings (NYSE:DHT) opened at 8.01 on Thursday. DHT Holdings has a 52-week low of $3.99 and a 52-week high of $8.57. The stock has a 50-day moving average of $7.88 and a 200-day moving average of $6.57. The company’s market cap is $554.7 million.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.27. Analysts expect that DHT Holdings will post $-0.15 EPS for the current fiscal year.
DHT Holdings, Inc (NYSE:DHT) provides transportation services to oil companies and trades internationally with a fleet of crude oil tankers in the very large crude carriers (VLCC), Aframax and Suezmax segments.
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