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

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

Wall Street Analyst Weigh In

DLVHF has been the topic of a number of research analyst reports. Citigroup upgraded Delivery Hero to a “hold” rating in a report on Tuesday, October 15th. UBS Group upgraded Delivery Hero to a “strong-buy” rating in a report on Thursday, August 1st.

Delivery Hero Price Performance

Shares of DLVHF traded down $1.57 during trading hours on Friday, reaching $39.01. The stock had a trading volume of 539 shares, compared to its average volume of 5,609. Delivery Hero has a 12 month low of $17.80 and a 12 month high of $44.79. The firm has a 50-day simple moving average of $38.29 and a 200 day simple moving average of $30.41.

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.