Short Interest in Zalando SE (OTCMKTS:ZLDSF) Increases By 97.5%

Zalando SE (OTCMKTS:ZLDSF) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 609,200 shares, an increase of 97.5% from the February 13th total of 308,500 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1,523.0 days.

Zalando Stock Performance

Shares of OTCMKTS:ZLDSF opened at $36.00 on Friday. Zalando has a one year low of $23.44 and a one year high of $38.51. The business’s 50-day simple moving average is $34.68 and its 200 day simple moving average is $31.75.

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.