DHT Holdings Sees Significant Increase in Short Interest (DHT)
Shares of DHT Holdings (NYSE:DHT) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,605,412 shares, a growth of 228.5% from the June 30th total of 793,227 shares, AnalystRatings.Net reports. Currently, 4.0% of the company’s stock are sold short. Based on an average daily volume of 440,497 shares, the days-to-cover ratio is presently 5.9 days.
A number of research firms have recently commented on DHT. Analysts at Jefferies Group upgraded shares of DHT Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $9.00 price target on the stock. Analysts at Canaccord Genuity initiated coverage on shares of DHT Holdings in a research note on Tuesday, July 8th. They set a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $8.88.
Shares of DHT Holdings (NYSE:DHT) opened at 6.50 on Tuesday. 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 $6.87 and a 200-day moving average of $7.50. The company’s market cap is $451.2 million.
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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