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

DSV (OTCMKTS:DSDVY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 485 shares, a drop of 73.8% from the May 31st total of 1,852 shares. Based on an average daily trading volume, of 287,846 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

DSV Price Performance

OTCMKTS:DSDVY opened at $118.50 on Friday. DSV has a 52 week low of $97.90 and a 52 week high of $151.98. The firm’s 50-day simple moving average is $122.96 and its 200 day simple moving average is $127.37. The firm has a market cap of $56.99 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.95.

DSV (OTCMKTS:DSDVY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.15. The business had revenue of $11.03 billion during the quarter, compared to analysts’ expectations of $10.89 billion. DSV had a return on equity of 9.45% and a net margin of 2.55%. As a group, sell-side analysts predict that DSV will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

DSDVY has been the subject of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of DSV in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a research report on Friday, May 22nd. Finally, Zacks Research cut DSV from a “hold” rating to a “strong sell” rating in a research report on Friday, June 19th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value‑added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.