Short Interest in DHL Group Sponsored ADR (OTCMKTS:DHLGY) Declines By 51.2%

DHL Group Sponsored ADR (OTCMKTS:DHLGY) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 39,427 shares, a drop of 51.2% from the July 15th total of 80,818 shares. Based on an average daily trading volume, of 429,885 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

DHL Group Price Performance

DHLGY traded up $0.46 during midday trading on Tuesday, hitting $31.98. The stock had a trading volume of 23,166 shares, compared to its average volume of 515,952. The company has a market cap of $71.59 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The business has a fifty day moving average of $31.44 and a 200 day moving average of $37.68. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.93 and a current ratio of 0.98. DHL Group has a 1 year low of $21.77 and a 1 year high of $33.44.

DHL Group (OTCMKTS:DHLGY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.51 by $0.54. DHL Group had a net margin of 4.38% and a return on equity of 16.98%. The firm had revenue of $25.84 billion for the quarter, compared to the consensus estimate of $24.20 billion. As a group, equities analysts forecast that DHL Group will post 1.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on DHLGY shares. Kepler Capital Markets raised shares of DHL Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Citigroup cut DHL Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of DHL Group in a report on Wednesday, July 8th. Zacks Research upgraded DHL Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Barclays reiterated an “overweight” rating on shares of DHL Group in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About DHL Group

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time‑sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e‑commerce fulfillment solutions, and national postal and parcel operations in Germany.