Zalando SE (OTCMKTS:ZLNDY) Sees Large Increase in Short Interest

Zalando SE (OTCMKTS:ZLNDY) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,500 shares, a growth of 56.3% from the January 15th total of 1,600 shares. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is currently 0.1 days.

Zalando Stock Up 2.0 %

OTCMKTS:ZLNDY opened at $20.39 on Friday. The stock’s fifty day moving average price is $17.35 and its two-hundred day moving average price is $15.43. Zalando has a 52-week low of $10.01 and a 52-week high of $20.46. 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 cap of $10.76 billion, a price-to-earnings ratio of 48.55 and a beta of 1.71.

Wall Street Analysts Forecast Growth

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

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.