Deliveroo plc (OTCMKTS:DROOF) Short Interest Update

Deliveroo plc (OTCMKTS:DROOF) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,047,700 shares, an increase of 9.4% from the April 30th total of 1,872,300 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Deliveroo in a research report on Monday, February 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Deliveroo currently has a consensus rating of “Hold” and an average price target of $139.00.

Deliveroo Price Performance

OTCMKTS:DROOF remained flat at $1.75 during midday trading on Monday. The business’s 50 day moving average price is $1.55 and its 200-day moving average price is $1.58. Deliveroo has a 1-year low of $1.26 and a 1-year high of $1.85.

Deliveroo Company Profile

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.