Deliveroo plc (OTCMKTS:DROOF – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 3,545,400 shares, an increase of 92.8% from the March 15th total of 1,838,700 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 933.0 days.
Deliveroo Price Performance
Shares of OTCMKTS:DROOF remained flat at $1.50 during trading hours on Thursday. The business has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.69. Deliveroo has a 12 month low of $1.31 and a 12 month high of $2.24.
Deliveroo announced that its board has approved a stock buyback program on Tuesday, March 18th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
About Deliveroo
Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.
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