Delivery Hero SE (OTCMKTS:DLVHF – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 761,008 shares, a decrease of 32.4% from the June 30th total of 1,126,366 shares. Based on an average daily volume of 33,795 shares, the short-interest ratio is currently 22.5 days.
Delivery Hero Price Performance
Shares of OTCMKTS DLVHF opened at $40.92 on Friday. The company’s 50-day moving average price is $42.28 and its 200 day moving average price is $31.01. Delivery Hero has a 52 week low of $17.48 and a 52 week high of $46.49.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. UBS Group downgraded shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Delivery Hero in a research report on Friday, May 1st. Barclays cut Delivery Hero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Citigroup restated a “neutral” rating on shares of Delivery Hero in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group lowered Delivery Hero to a “hold” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Delivery Hero presently has a consensus 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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