Short Interest in Zalando SE (OTCMKTS:ZLNDY) Drops By 25.0%

Zalando SE (OTCMKTS:ZLNDY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 25.0% from the February 28th total of 4,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 22,800 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Zalando Stock Down 2.1 %

ZLNDY opened at $17.43 on Monday. The company has a market capitalization of $9.20 billion, a P/E ratio of 41.49 and a beta of 1.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88. The firm’s fifty day moving average price is $18.16 and its two-hundred day moving average price is $16.67. Zalando has a fifty-two week low of $11.35 and a fifty-two week high of $20.64.

Zalando (OTCMKTS:ZLNDY) last issued its earnings results on Thursday, March 6th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.40 billion. Zalando had a net margin of 1.97% and a return on equity of 8.34%. On average, analysts anticipate that Zalando will post 0.5 EPS for the current year.

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.