Diversey Holdings, Ltd. (NASDAQ:DSEY) Sees Large Growth in Short Interest

Diversey Holdings, Ltd. (NASDAQ:DSEYGet Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 2,400,000 shares, an increase of 49.1% from the April 30th total of 1,610,000 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 2.2 days.

DSEY has been the subject of several recent analyst reports. Barclays lowered their target price on Diversey from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, March 11th. Morgan Stanley lowered their target price on Diversey from $19.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. Zacks Investment Research downgraded Diversey from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Royal Bank of Canada cut shares of Diversey from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $11.00 to $9.00 in a research report on Friday, March 25th. Finally, Mizuho reduced their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Diversey has a consensus rating of “Hold” and an average target price of $13.30.

NASDAQ DSEY traded up $0.26 during trading hours on Friday, reaching $10.03. The company’s stock had a trading volume of 997,409 shares, compared to its average volume of 1,306,362. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 2.54. The business has a 50-day simple moving average of $8.11 and a 200 day simple moving average of $10.42. Diversey has a 52 week low of $6.89 and a 52 week high of $18.61. The stock has a market cap of $3.25 billion, a PE ratio of -27.11 and a beta of 1.16.

Diversey (NASDAQ:DSEYGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Diversey had a positive return on equity of 19.16% and a negative net margin of 4.46%. The business had revenue of $660.00 million during the quarter, compared to the consensus estimate of $632.63 million. During the same period in the prior year, the business earned $0.11 EPS. The business’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Diversey will post 0.47 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its position in Diversey by 61.3% in the fourth quarter. Citigroup Inc. now owns 4,238 shares of the company’s stock worth $56,000 after buying an additional 1,611 shares during the last quarter. Ieq Capital LLC acquired a new position in Diversey in the 1st quarter worth approximately $85,000. Oak Thistle LLC acquired a new position in Diversey in the 1st quarter worth approximately $112,000. Legal & General Group Plc boosted its stake in Diversey by 50.8% in 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 period. Finally, Victory Capital Management Inc. acquired a new position in Diversey in the 4th quarter worth approximately $135,000. Institutional investors and hedge funds own 97.69% of the company’s stock.

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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