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

Zalando SE (OTCMKTS:ZLNDY) was the target of a large drop in short interest in 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 days-to-cover ratio is currently 0.2 days.

Zalando Stock Performance

Shares of OTCMKTS ZLNDY traded down $0.34 during trading on Wednesday, reaching $15.26. 6,856 shares of the company traded hands, compared to its average volume of 13,501. Zalando has a 12-month low of $8.68 and a 12-month high of $17.10. The firm’s fifty day simple moving average is $15.43 and its 200 day simple moving average is $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. The stock has a market cap of $8.05 billion, a P/E ratio of 36.33 and a beta of 1.76.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Zalando to a “strong-buy” rating in a research report 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.