Short Interest in Diversey Holdings, Ltd. (NASDAQ:DSEY) Drops By 35.9%

Diversey Holdings, Ltd. (NASDAQ:DSEYGet Rating) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,230,000 shares, a drop of 35.9% from the March 15th total of 1,920,000 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 974,100 shares, the short-interest ratio is presently 1.3 days.

Several analysts recently issued reports on DSEY shares. Barclays cut their price objective on Diversey from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, March 11th. Morgan Stanley cut their price objective on Diversey from $19.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, March 11th. Royal Bank of Canada downgraded shares of Diversey from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $11.00 to $9.00 in a research report on Friday, March 25th. Zacks Investment Research raised shares of Diversey from a “sell” rating to a “hold” rating in a research report on Monday, January 24th. Finally, Mizuho lowered their target price on shares of Diversey from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 10th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Diversey has a consensus rating of “Buy” and an average price target of $15.00.

DSEY opened at $7.76 on Friday. Diversey has a 52 week low of $6.89 and a 52 week high of $18.61. The company has a quick ratio of 0.88, a current ratio of 1.27 and a debt-to-equity ratio of 2.51. The company has a fifty day moving average price of $8.58 and a two-hundred day moving average price of $12.10.

Diversey (NASDAQ:DSEYGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $672.40 million for the quarter, compared to analysts’ expectations of $677.48 million. Diversey had a negative net margin of 6.67% and a positive return on equity of 24.92%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) EPS. As a group, research analysts predict that Diversey will post 0.53 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of DSEY. Citigroup Inc. lifted its position in Diversey by 61.3% during the 4th quarter. Citigroup Inc. now owns 4,238 shares of the company’s stock worth $56,000 after buying an additional 1,611 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Diversey by 50.8% during the 4th quarter. Legal & General Group Plc now owns 8,497 shares of the company’s stock worth $113,000 after purchasing an additional 2,862 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Diversey in the 4th quarter valued at about $135,000. Commerce Bank acquired a new position in Diversey in the 4th quarter valued at about $145,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Diversey during the 4th quarter worth approximately $155,000. 99.19% of the stock is currently owned by hedge funds and other institutional investors.

About Diversey (Get Rating)

Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.

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