Short Interest in Zalando SE (OTCMKTS:ZLNDY) Drops By 97.8%

Zalando SE (OTCMKTS:ZLNDY) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 100 shares, a drop of 97.8% from the November 15th total of 4,500 shares. Based on an average trading volume of 23,400 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Zalando Trading Down 0.7 %

Shares of OTCMKTS:ZLNDY traded down $0.12 on Wednesday, hitting $18.07. The company had a trading volume of 7,732 shares, compared to its average volume of 45,398. The firm’s 50-day simple moving average is $15.65 and its two-hundred day simple moving average is $13.92. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 43.01 and a beta of 1.75. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.19. Zalando has a 1 year low of $8.68 and a 1 year high of $18.40.

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.