Fri Sep 20 07:38:58 UTC 2024: ## Delivery Hero Sees Short Interest Decline as UBS Upgrades Stock
**Berlin, Germany – September 20, 2024** – Delivery Hero SE (OTCMKTS:DLVHF), the online food ordering and delivery service giant, saw a notable decrease in short interest during August. According to data released on August 31st, short interest totaled 4,694,500 shares, down 5.8% from the August 15th figure of 4,984,800 shares. This drop suggests a growing sentiment of confidence in the company’s future prospects.
Meanwhile, financial analysts at UBS Group expressed their bullish outlook on Delivery Hero by upgrading the stock to a “strong-buy” rating on August 1st. The move followed a positive assessment of the company’s operations and its potential for continued growth across its global network spanning 70 countries.
Delivery Hero, founded in 2011 and headquartered in Berlin, operates in Asia, the Middle East, Africa, Europe, and Latin America. The company’s recent performance and UBS’s optimistic stance indicate a potential surge in investor interest, with the decline in short interest further bolstering this positive outlook.
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