Zalando SE (OTCMKTS:ZLNDY) Sees Significant Growth in Short Interest

Zalando SE (OTCMKTS:ZLNDY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 23,700 shares, an increase of 690.0% from the September 30th total of 3,000 shares. Based on an average trading volume of 34,100 shares, the days-to-cover ratio is currently 0.7 days.

Zalando Stock Performance

Shares of ZLNDY traded up $0.07 during mid-day trading on Friday, hitting $15.46. 12,416 shares of the company’s stock were exchanged, compared to its average volume of 50,459. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 67.22 and a beta of 1.75. Zalando has a 52 week low of $8.68 and a 52 week high of $17.10. The stock’s 50-day simple moving average is $14.55 and its 200-day simple moving average is $13.48.

Zalando (OTCMKTS:ZLNDY) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter. Zalando had a net margin of 1.48% and a return on equity of 6.32%. The company had revenue of $2.85 billion for the quarter. On average, equities research analysts expect that Zalando will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Zalando to a “strong-buy” rating in a 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.