Delivery Hero SE (OTCMKTS:DLVHF – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,634,761 shares, a drop of 39.1% from the May 14th total of 2,682,746 shares. Based on an average daily volume of 20,639 shares, the days-to-cover ratio is currently 79.2 days.
Delivery Hero Stock Performance
DLVHF opened at $41.81 on Wednesday. Delivery Hero has a 1-year low of $17.48 and a 1-year high of $46.49. The firm has a 50-day moving average price of $31.27 and a two-hundred day moving average price of $26.85.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on DLVHF shares. Citigroup reiterated a “neutral” rating on shares of Delivery Hero in a research report on Wednesday, May 20th. Barclays reiterated an “overweight” rating on shares of Delivery Hero in a research report on Tuesday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Delivery Hero in a research report on Friday, May 1st. Finally, Oddo Bhf cut shares of Delivery Hero to an “underperform” rating in a research report on Monday, May 25th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.
Delivery Hero Company Profile
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.
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