Short Interest in Delivery Hero SE (OTCMKTS:DLVHF) Declines By 30.9%

Delivery Hero SE (OTCMKTS:DLVHF) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 2,964,700 shares, a drop of 30.9% from the September 15th total of 4,289,900 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 1,058.8 days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Delivery Hero to a “strong-buy” rating in a research note on Thursday, August 1st.

Delivery Hero Stock Performance

OTCMKTS DLVHF remained flat at $41.00 during trading hours on Friday. Delivery Hero has a 12-month low of $17.80 and a 12-month high of $43.76. The stock’s fifty day moving average is $30.57 and its 200 day moving average is $28.68.

Delivery Hero Company Profile

Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 70 countries in Asia, the Middle East, Africa, Europe, and Latin America. The company was founded in 2011 and is headquartered in Berlin, Germany.