DSV A/S (OTCMKTS:DSDVY) Sees Large Decline in Short Interest

DSV A/S (OTCMKTS:DSDVY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 14,600 shares, a decline of 16.1% from the August 15th total of 17,400 shares. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 0.3 days.

DSV A/S Price Performance

DSV A/S stock traded up $0.83 during mid-day trading on Monday, hitting $94.35. 19,896 shares of the company were exchanged, compared to its average volume of 28,369. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.16 and a quick ratio of 1.12. The business’s 50 day simple moving average is $99.28 and its two-hundred day simple moving average is $96.92. The company has a market capitalization of $41.33 billion, a P/E ratio of 18.97, a PEG ratio of 2.98 and a beta of 1.34. DSV A/S has a 12-month low of $56.02 and a 12-month high of $112.18.

DSV A/S (OTCMKTS:DSDVY) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.06. The company had revenue of $5.51 billion during the quarter. DSV A/S had a return on equity of 20.89% and a net margin of 7.78%. Analysts forecast that DSV A/S will post 4.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DSDVY shares. Handelsbanken started coverage on DSV A/S in a report on Tuesday, June 20th. They set a “market perform” rating for the company. Danske cut DSV A/S from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, DSV A/S presently has a consensus rating of “Hold” and an average target price of $1,280.00.

DSV A/S Company Profile

DSV A/S offers transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions. The company provides air freight, air freight compliance and carrier, and rail freight services; sea freight, and sea freight compliance and carrier services, as well as freight containers.