Short Interest in Zalando SE (OTCMKTS:ZLNDY) Increases By 8,200.0%

Zalando SE (OTCMKTS:ZLNDY) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 8,300 shares, a growth of 8,200.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 27,100 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

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

Zalando Stock Performance

ZLNDY traded up $0.08 on Thursday, reaching $17.16. 1,845 shares of the stock were exchanged, compared to its average volume of 44,025. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88. The company’s 50-day moving average price is $15.94 and its 200 day moving average price is $14.24. Zalando has a fifty-two week low of $8.68 and a fifty-two week high of $18.67. The firm has a market capitalization of $9.05 billion, a PE ratio of 40.86 and a beta of 1.75.

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.