Short Interest in Delivery Hero SE (OTCMKTS:DLVHF) Declines By 5.8%

Delivery Hero SE (OTCMKTS:DLVHF) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 4,694,500 shares, a decline of 5.8% from the August 15th total of 4,984,800 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 5,868.1 days.

Delivery Hero Price Performance

Shares of DLVHF stock opened at $31.49 on Wednesday. Delivery Hero has a twelve month low of $17.80 and a twelve month high of $36.26. The firm has a 50-day moving average price of $24.57 and a 200 day moving average price of $27.36.

Wall Street Analysts Forecast Growth

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

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.