D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) Short Interest Up 28.7% in August

Key Points

• D-MARKET Electronic Services & Trading experienced a significant increase in short interest, rising by 28.7% to a total of 1,300,000 shares as of August 31st.
• Wall Street analysts have upgraded the stock's rating from "strong sell" to "hold," with an average target price set at $3.50.
• Institutional investors now own approximately 40.46% of D-MARKET Electronic Services & Trading's stock, indicating strong interest from larger investment entities.

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,300,000 shares, an increase of 28.7% from the August 15th total of 1,010,000 shares. Approximately 0.6% of the company's shares are sold short. Based on an average trading volume of 411,300 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 411,300 shares, the short-interest ratio is presently 3.2 days. Approximately 0.6% of the company's shares are sold short.

Analyst Ratings Changes

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

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers raised its position 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 during the last quarter. ABS Direct Equity Fund LLC increased its holdings in D-MARKET Electronic Services & Trading by 2.9% in the 1st quarter. ABS Direct Equity Fund LLC now owns 185,300 shares of the company's stock worth $528,000 after buying an additional 5,300 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in D-MARKET Electronic Services & Trading by 2.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company's stock worth $2,607,000 after buying an additional 22,445 shares in the last quarter. XTX Topco Ltd bought a new stake in D-MARKET Electronic Services & Trading in the 1st quarter worth about $80,000. Finally, Squarepoint Ops LLC bought a new stake in D-MARKET Electronic Services & Trading in the 4th quarter worth about $112,000. Hedge funds and other institutional investors own 40.46% of the company's stock.

D-MARKET Electronic Services & Trading Stock Up 2.8%

D-MARKET Electronic Services & Trading stock traded up $0.08 on Friday, hitting $2.93. 162,769 shares of the stock traded hands, compared to its average volume of 158,217. 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 has a market cap of $941.64 million, a P/E ratio of -16.28 and a beta of 2.33. The business's fifty day simple moving average is $2.77 and its 200 day simple moving average is $2.78. D-MARKET Electronic Services & Trading has a 1 year low of $2.13 and a 1 year high of $4.05.

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) EPS for the quarter. The firm had revenue of $431.50 million 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%. As a group, sell-side analysts forecast that D-MARKET Electronic Services & Trading will post -0.03 earnings per share for the current year.

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.