DSV (OTCMKTS:DSDVY) Sees Significant Decrease in Short Interest

DSV (OTCMKTS:DSDVY) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 485 shares, a drop of 73.8% from the May 31st total of 1,852 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 287,846 shares, the days-to-cover ratio is currently 0.0 days.

DSV Price Performance

Shares of DSDVY opened at $118.50 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $122.96 and its 200 day simple moving average is $127.37. DSV has a 1-year low of $97.90 and a 1-year high of $151.98. The company has a market cap of $56.99 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 0.88 and a beta of 1.18.

DSV (OTCMKTS:DSDVY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. DSV had a net margin of 2.55% and a return on equity of 9.45%. The firm had revenue of $11.03 billion during the quarter, compared to analysts’ expectations of $10.89 billion. On average, research analysts forecast that DSV will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DSDVY has been the subject of several recent research reports. Zacks Research cut shares of DSV from a “hold” rating to a “strong sell” rating in a report on Friday, June 19th. Citigroup restated a “buy” rating on shares of DSV in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of DSV in a report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value‑added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.