D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) Short Interest Down 22.3% in August

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) was the target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 1,010,000 shares, a drop of 22.3% 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 currently 2.2 days. Based on an average daily volume of 455,500 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock valued at $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 in the first quarter valued at approximately $80,000. Squarepoint Ops LLC bought a new position in shares of D-MARKET Electronic Services & Trading in the fourth quarter valued at approximately $112,000. GAMMA Investing LLC lifted its holdings in shares of D-MARKET Electronic Services & Trading by 154.5% in the first 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 in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in D-MARKET Electronic Services & Trading by 208.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 79,112 shares of the company's stock worth $240,000 after acquiring an additional 53,441 shares during the period. Institutional investors own 40.46% of the company's stock.

Analysts Set New Price Targets

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

D-MARKET Electronic Services & Trading Stock Up 0.7%

D-MARKET Electronic Services & Trading stock traded up $0.02 during mid-day trading on Friday, reaching $2.87. The stock had a trading volume of 123,219 shares, compared to its average volume of 170,157. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.62 and a current ratio of 0.92. D-MARKET Electronic Services & Trading has a fifty-two week low of $2.13 and a fifty-two week high of $4.05. The stock's 50-day simple moving average is $2.76 and its 200-day simple moving average is $2.80. The firm has a market capitalization of $922.36 million, a PE ratio of -15.94 and a beta of 2.33.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last posted its earnings results 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 company had revenue of $431.50 million during the quarter. On average, sell-side analysts forecast that D-MARKET Electronic Services & Trading will post -0.03 EPS 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.