Short Interest in Zalando SE (OTCMKTS:ZLNDY) Drops By 60.2%

Zalando SE (OTCMKTS:ZLNDY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,300 shares, a drop of 60.2% from the December 31st total of 8,300 shares. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 0.2 days.

Zalando Stock Down 0.1 %

Zalando stock opened at $18.23 on Wednesday. The business has a fifty day moving average price of $16.59 and a 200-day moving average price of $14.98. Zalando has a 1-year low of $9.73 and a 1-year high of $18.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 43.39 and a beta of 1.70.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.09 EPS for the quarter. Zalando had a return on equity of 8.34% and a net margin of 1.97%. The company had revenue of $2.63 billion during the quarter. Equities research analysts forecast that Zalando will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group upgraded Zalando from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. Citigroup raised Zalando to a “strong-buy” rating in a research report on Thursday, October 3rd.

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.