Short Interest in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Decreases By 22.6%

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS - Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 364,300 shares, a drop of 22.6% from the December 31st total of 470,900 shares. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is presently 0.2 days.

D-Market Elektronik Hizmetler ve Ticaret A.S. Trading Up 2.9 %

Shares of NASDAQ HEPS traded up $0.10 during mid-day trading on Monday, reaching $3.39. 456,122 shares of the company's stock were exchanged, compared to its average volume of 508,425. The firm has a market capitalization of $952.47 million, a price-to-earnings ratio of -22.50 and a beta of 2.43. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 52-week low of $1.25 and a 52-week high of $4.05. The company's 50-day moving average is $3.15 and its 200-day moving average is $2.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($0.03) earnings per share (EPS) for the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative net margin of 3.28% and a negative return on equity of 30.48%. Analysts expect that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 2nd quarter valued at $29,000. Cubist Systematic Strategies LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 2nd quarter valued at about $34,000. Flow Traders U.S. LLC purchased a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth about $44,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth about $47,000. Finally, GAMMA Investing LLC boosted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 47.3% in the third quarter. GAMMA Investing LLC now owns 23,098 shares of the company's stock valued at $52,000 after purchasing an additional 7,412 shares during the period. 40.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. HSBC downgraded D-Market Elektronik Hizmetler ve Ticaret A.S. from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research note on Wednesday, January 22nd. Hsbc Global Res downgraded D-Market Elektronik Hizmetler ve Ticaret A.S. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd.

About D-Market Elektronik Hizmetler ve Ticaret A.S.

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.