Zalando (OTCMKTS:ZLNDY) Sees Large Drop in Short Interest

Zalando (OTCMKTS:ZLNDY) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 27,411 shares, a decline of 47.6% from the April 15th total of 52,313 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 67,322 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZLNDY shares. Barclays upgraded Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. Sanford C. Bernstein raised Zalando from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Citigroup reiterated a “buy” rating on shares of Zalando in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zalando presently has a consensus rating of “Moderate Buy”.

Zalando Stock Performance

Shares of ZLNDY opened at $11.11 on Monday. Zalando has a 12 month low of $10.84 and a 12 month high of $18.54. The firm has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $13.18. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 42.73 and a beta of 1.52. The company has a current ratio of 1.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). Zalando had a net margin of 0.89% and a return on equity of 4.12%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. Research analysts forecast that Zalando will post 0.47 EPS for the current fiscal year.

Zalando Company Profile

Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.