Zalando SE (OTCMKTS:ZLNDY) Short Interest Down 64.8% in November

Zalando SE (OTCMKTS:ZLNDY) was the recipient of a significant 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 daily volume of 29,600 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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

Zalando Stock Performance

OTCMKTS ZLNDY traded down $0.19 on Thursday, reaching $15.07. 5,220 shares of the company’s stock traded hands, compared to its average volume of 13,512. The stock has a 50 day moving average price of $15.44 and a 200-day moving average price of $13.68. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 35.88 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.48. Zalando has a fifty-two week low of $8.68 and a fifty-two week high of $17.10.

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.