Short Interest in Zalando SE (OTCMKTS:ZLNDY) Decreases By 60.2%

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

Wall Street Analyst Weigh In

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

Zalando Stock Up 0.3 %

Shares of OTCMKTS ZLNDY opened at $14.46 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $16.12 and a 200-day moving average of $14.69. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 34.43 and a beta of 1.70. Zalando has a 12 month low of $8.68 and a 12 month high of $18.67.

About Zalando

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.