D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) Sees Significant Decline in Short Interest

Key Points

• D-MARKET Electronic Services & Trading (NASDAQ:HEPS) experienced a significant 31.0% decline in short interest in September, falling from 1,180,000 to 814,600 shares.
• Equities analysts have mixed ratings for HEPS, with a recent upgrade from "strong sell" to "hold" by Wall Street Zen, while Weiss Ratings maintains a "sell (d-)" rating.
• D-MARKET's stock is currently trading at $2.62, having a market cap of $842.02 million and negative earnings per share of ($0.06) reported in their latest quarterly earnings.

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 814,600 shares, a drop of 31.0% from the September 15th total of 1,180,000 shares. Based on an average daily trading volume, of 380,300 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 380,300 shares, the short-interest ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HEPS shares. Wall Street Zen raised shares of D-MARKET Electronic Services & Trading from a "strong sell" rating to a "hold" rating in a research report on Sunday, August 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $3.50.

D-MARKET Electronic Services & Trading Stock Up 0.4%

Shares of HEPS traded up $0.01 during midday trading on Thursday, reaching $2.62. The stock had a trading volume of 78,469 shares, compared to its average volume of 439,982. D-MARKET Electronic Services & Trading has a 1-year low of $2.41 and a 1-year high of $3.85. The company's fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $2.74. The company has a market cap of $842.02 million, a price-to-earnings ratio of -14.56 and a beta of 2.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.62.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.06) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 4.22% and a negative return on equity of 62.27%. The firm had revenue of $431.50 million during the quarter. Equities research analysts expect that D-MARKET Electronic Services & Trading will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

Several hedge funds and other institutional investors have recently bought and sold shares of HEPS. VR Advisory Services Ltd raised its stake in D-MARKET Electronic Services & Trading by 352.0% during the 1st quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company's stock worth $35,379,000 after acquiring an additional 9,667,225 shares in the last quarter. Brightlight Capital Management LP raised its stake in D-MARKET Electronic Services & Trading by 25.6% during the 1st quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company's stock worth $17,165,000 after acquiring an additional 1,226,444 shares in the last quarter. GAM Holding AG purchased a new position in D-MARKET Electronic Services & Trading during the 3rd quarter worth $807,000. Itau Unibanco Holding S.A. purchased a new position in D-MARKET Electronic Services & Trading during the 1st quarter worth $530,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in D-MARKET Electronic Services & Trading during the 1st quarter worth $527,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

About D-MARKET Electronic Services & Trading

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.

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