Delivery Hero SE (OTCMKTS:DLVHF) Short Interest Up 6.2% in October

Delivery Hero SE (OTCMKTS:DLVHF) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,490,000 shares, an increase of 6.2% from the October 15th total of 2,344,000 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is presently 222.3 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DLVHF. UBS Group raised Delivery Hero to a “strong-buy” rating in a research note on Thursday, August 1st. Citigroup raised Delivery Hero to a “hold” rating in a research note on Tuesday, October 15th.

Delivery Hero Stock Performance

DLVHF stock traded down $1.57 during trading on Friday, hitting $39.01. The company had a trading volume of 539 shares, compared to its average volume of 5,609. The business has a 50-day moving average of $38.29 and a 200-day moving average of $30.41. Delivery Hero has a one year low of $17.80 and a one year high of $44.79.

About Delivery Hero

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.