Short Interest in Zalando SE (OTCMKTS:ZLNDY) Decreases By 64.8%

Zalando SE (OTCMKTS:ZLNDY) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,500 shares, a drop of 64.8% from the October 31st total of 12,800 shares. Based on an average trading volume of 29,600 shares, the short-interest ratio is presently 0.2 days.

Zalando Price Performance

ZLNDY stock traded down $0.34 during trading on Wednesday, hitting $15.26. 6,856 shares of the stock traded hands, compared to its average volume of 13,501. Zalando has a one year low of $8.68 and a one year high of $17.10. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 36.33 and a beta of 1.76. The company has a 50 day simple moving average of $15.43 and a 200 day simple moving average of $13.67. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of 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.