DSV A/S (OTCMKTS:DSDVY) Short Interest Up 8.1% in August

Posted by MarketBeat News on Sep 1st, 2023

DSV A/S (OTCMKTS:DSDVY – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 17,400 shares, an increase of 8.1% from the July 31st total of 16,100 shares. Based on an average trading volume of 33,900 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on DSV A/S

DSV A/S Stock Down 2.6 %

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Shares of DSDVY opened at $95.02 on Friday. The company’s 50-day moving average price is $101.41 and its 200 day moving average price is $96.75. DSV A/S has a 12-month low of $56.02 and a 12-month high of $112.18. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30. The firm has a market cap of $41.62 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 3.09 and a beta of 1.35.

DSV A/S (OTCMKTS:DSDVY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06. DSV A/S had a net margin of 7.46% and a return on equity of 24.04%. The business had revenue of $5.51 billion during the quarter. On average, sell-side analysts forecast that DSV A/S will post 4.43 earnings per share for the current year.

About DSV A/S

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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.