Allegro.eu SA (OTCMKTS:ALEGF) Sees Significant Drop in Short Interest

Allegro.eu SA (OTCMKTS:ALEGF) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 221,395 shares, a decrease of 44.1% from the September 15th total of 395,880 shares. Based on an average daily volume of 228,668 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group cut shares of Allegro.eu from a “buy” rating to a “neutral” rating in a report on Tuesday, June 23rd. Oddo Bhf upgraded shares of Allegro.eu to an “outperform” rating in a report on Wednesday, July 1st. Barclays upgraded shares of Allegro.eu to an “overweight” rating in a report on Friday, September 18th. Finally, Citigroup cut shares of Allegro.eu to a “neutral” rating in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Allegro.eu Price Performance

OTCMKTS ALEGF opened at $12.95 on Friday. Allegro.eu has a 1 year low of $9.55 and a 1 year high of $12.95. The business’s 50-day moving average is $9.89 and its 200 day moving average is $8.81.

Allegro.eu Company Profile

Allegro.eu SA is a Luxembourg-based technology company that operates one of Central Europe’s largest e-commerce platforms. Its principal marketplace, Allegro.pl, connects consumers with professional merchants offering products across categories including consumer electronics, fashion, home and garden, automotive, books, beauty, and groceries.

The company provides services designed to support online commerce, including seller tools, digital advertising, logistics and delivery solutions, consumer payments, and the Allegro Smart! membership program.