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

Zalando SE (OTCMKTS:ZLNDY) was the recipient of a significant drop in short interest during 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 daily trading volume, of 29,600 shares, the short-interest ratio is presently 0.2 days.

Zalando Trading Down 1.2 %

Shares of Zalando stock traded down $0.19 during trading on Thursday, hitting $15.07. The stock had a trading volume of 5,220 shares, compared to its average volume of 13,512. The stock has a market cap of $7.95 billion, a PE ratio of 35.88 and a beta of 1.76. The firm’s fifty day simple moving average is $15.44 and its 200-day simple moving average is $13.68. Zalando has a 12 month low of $8.68 and a 12 month high of $17.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.48 and a quick ratio of 1.08.

Analyst Ratings Changes

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

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.