Zalando SE (OTCMKTS:ZLNDY) Sees Significant Drop in Short Interest

Zalando SE (OTCMKTS:ZLNDY) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 3,300 shares, a decrease of 60.2% from the December 15th total of 8,300 shares. Based on an average daily trading volume, of 17,400 shares, the short-interest ratio is presently 0.2 days.

Zalando Trading Down 1.7 %

OTCMKTS:ZLNDY traded down $0.25 on Tuesday, hitting $14.41. The stock had a trading volume of 17,921 shares, compared to its average volume of 11,932. The company has a fifty day moving average price of $16.14 and a two-hundred day moving average price of $14.67. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 34.31 and a beta of 1.70. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.19. Zalando has a 1-year low of $8.68 and a 1-year high of $18.67.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Zalando to a “strong-buy” rating in a report on Thursday, October 3rd.

Zalando Company Profile

Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.