Short Interest in Zalando SE (OTCMKTS:ZLNDY) Decreases By 97.8%

Zalando SE (OTCMKTS:ZLNDY) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 100 shares, a drop of 97.8% from the November 15th total of 4,500 shares. Based on an average daily trading volume, of 23,400 shares, the days-to-cover ratio is currently 0.0 days.

Zalando Stock Down 0.7 %

Shares of ZLNDY traded down $0.12 during mid-day trading on Wednesday, reaching $18.07. The company had a trading volume of 7,732 shares, compared to its average volume of 45,398. Zalando has a 52 week low of $8.68 and a 52 week high of $18.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.33. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 43.01 and a beta of 1.75. The firm has a 50-day moving average price of $15.65 and a 200 day moving average price of $13.92.

Analyst Upgrades and Downgrades

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

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.