DiDi Global Inc. (NYSE:DIDI) Short Interest Up 22.1% in April

DiDi Global Inc. (NYSE:DIDIGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 54,120,000 shares, a growth of 22.1% from the March 31st total of 44,330,000 shares. Based on an average daily volume of 51,360,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.3% of the company’s shares are sold short.

NYSE DIDI traded up 0.03 during trading on Tuesday, hitting 2.02. The stock had a trading volume of 505,141 shares, compared to its average volume of 45,230,996. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.90 and a current ratio of 2.82. The firm has a 50 day moving average price of 2.91 and a 200 day moving average price of 5.06. DiDi Global has a twelve month low of 1.65 and a twelve month high of 18.01.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIDI. Bedford Ridge Capital LP purchased a new position in shares of DiDi Global in the 4th quarter valued at about $228,161,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of DiDi Global by 25,244.6% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19,058,906 shares of the ride-hailing company’s stock valued at $48,600,000 after buying an additional 18,983,707 shares during the period. Invesco Ltd. boosted its stake in shares of DiDi Global by 298.2% in the 4th quarter. Invesco Ltd. now owns 22,774,103 shares of the ride-hailing company’s stock valued at $113,415,000 after buying an additional 17,054,168 shares during the period. BlackRock Inc. purchased a new position in shares of DiDi Global in the 3rd quarter valued at about $96,078,000. Finally, JS Capital Management LLC purchased a new position in shares of DiDi Global in the 4th quarter valued at about $30,609,000. 10.43% of the stock is owned by institutional investors.

Separately, Sanford C. Bernstein started coverage on DiDi Global in a research report on Monday, February 14th. They issued an “outperform” rating and a $6.20 target price for the company.

About DiDi Global (Get Rating)

DiDi Global Inc, a mobility technology platform, provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally. It offers ride hailing, taxi hailing, chauffeur, hitch, and other forms of shared mobility services, as well as enterprise business ride solutions; auto solutions comprising leasing, refueling, and maintenance and repair services; electric vehicle leasing services; bike and e-bike sharing, intra-city freight, food delivery, and financial services.

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