DSV (OTCMKTS:DSDVY) Stock Short Interest Declines 83.7%

Key Points

• DSV’s short interest plunged 83.7% to 1,146 shares as of October 15, representing approximately 0.0% of shares outstanding and a 0.0-day days-to-cover ratio.
• DSV shares were trading at $101.48, down 1.6%, with a $48.80 billion market capitalization. The stock remained below its 200-day moving average of $118.23.
• Analyst sentiment was broadly positive, with three Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating.

DSV (OTCMKTS:DSDVY - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,146 shares, a decline of 83.7% from the September 30th total of 7,045 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 262,868 shares, the days-to-cover ratio is currently 0.0 days.

DSV Trading Down 1.6%

DSV stock opened at $101.48 on Tuesday. The stock has a market cap of $48.80 billion, a P/E ratio of 30.84, a PEG ratio of 0.90 and a beta of 1.21. DSV has a fifty-two week low of $84.51 and a fifty-two week high of $151.98. The firm's fifty day moving average price is $97.41 and its 200-day moving average price is $118.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.97.

Analysts Set New Price Targets

Several research firms have recently weighed in on DSDVY. Royal Bank Of Canada assumed coverage on DSV in a report on Thursday, October 15th. They set a "hold" rating on the stock. Morgan Stanley restated an "overweight" rating on shares of DSV in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of DSV in a research report on Thursday, July 16th. Citigroup reiterated a "buy" rating on shares of DSV in a report on Thursday. Finally, Zacks Research upgraded DSV from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

About DSV

DSV A/S is a Denmark-based global transport and logistics company. It provides freight forwarding and supply chain services across road, air and sea transportation, as well as contract logistics, warehousing, customs clearance and specialized project transportation.

The company serves businesses across a wide range of industries, including automotive, healthcare, technology, retail and manufacturing. Its international network supports the movement, storage and management of goods in markets throughout Europe, North and South America, Asia-Pacific, the Middle East and Africa.

DSV traces its history to 1976, when it was established in Denmark as a group of road-haulage companies.

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