Zalando SE (OTCMKTS:ZLNDY) Sees Large Increase in Short Interest

Zalando SE (OTCMKTS:ZLNDY) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 4,400 shares, a growth of 76.0% from the January 31st total of 2,500 shares. Based on an average daily volume of 18,600 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, UBS Group upgraded Zalando from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th.

Zalando Stock Performance

ZLNDY stock opened at $18.18 on Tuesday. The firm has a 50 day moving average of $17.76 and a two-hundred day moving average of $16.05. Zalando has a 12 month low of $10.01 and a 12 month high of $20.64. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 43.29 and a beta of 1.71. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.19.

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.