Zalando SE (OTCMKTS:ZLDSF) Sees Significant Increase in Short Interest

Zalando SE (OTCMKTS:ZLDSF) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 994,900 shares, a growth of 63.3% from the February 28th total of 609,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 9,949.0 days.

Zalando Stock Performance

OTCMKTS ZLDSF opened at $31.92 on Monday. The firm’s 50 day simple moving average is $34.69 and its 200 day simple moving average is $32.49. Zalando has a 1 year low of $23.44 and a 1 year high of $38.51.

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.