D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) Short Interest Update

Key Points

• D-MARKET Electronic Services & Trading saw a significant decrease in short interest, dropping by 22.3% in August to 1,010,000 shares.
• Wall Street analysts upgraded the stock from a "strong sell" to a "hold" rating, with a consensus target price of $3.50.
• The company's stock is currently trading at $2.85, down 0.2%, with an average daily trading volume of about 455,500 shares.

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 1,010,000 shares, adeclineof22.3% from the July 31st total of 1,300,000 shares. Based on an average daily volume of 455,500 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 455,500 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised D-MARKET Electronic Services & Trading from a "strong sell" rating to a "hold" rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.50.

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

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in shares of D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after purchasing an additional 4,081 shares in the last quarter. XTX Topco Ltd bought a new position in shares of D-MARKET Electronic Services & Trading during the 1st quarter valued at about $80,000. Squarepoint Ops LLC bought a new position in shares of D-MARKET Electronic Services & Trading during the 4th quarter valued at about $112,000. GAMMA Investing LLC boosted its holdings in shares of D-MARKET Electronic Services & Trading by 154.5% during the 1st quarter. GAMMA Investing LLC now owns 69,343 shares of the company's stock valued at $198,000 after purchasing an additional 42,093 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of D-MARKET Electronic Services & Trading by 208.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 79,112 shares of the company's stock valued at $240,000 after purchasing an additional 53,441 shares during the last quarter. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

D-MARKET Electronic Services & Trading Stock Down 0.2%

HEPS stock traded down $0.01 during midday trading on Tuesday, hitting $2.85. The company's stock had a trading volume of 66,824 shares, compared to its average volume of 486,097. The company has a market cap of $916.90 million, a PE ratio of -15.83 and a beta of 2.33. D-MARKET Electronic Services & Trading has a 12 month low of $2.11 and a 12 month high of $4.05. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average is $2.75 and its 200-day moving average is $2.81.

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

D-MARKET Electronic Services & Trading Company Profile

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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