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

Zalando (OTCMKTS:ZLNDY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 21,200 shares, an increase of 39.5% from the September 30th total of 15,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 40,800 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 40,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research firms have commented on ZLNDY. Citigroup reissued a “buy” rating on shares of Zalando in a research report on Friday, September 26th. Morgan Stanley restated an “underweight” rating on shares of Zalando in a report on Monday, July 14th. Cfra Research downgraded shares of Zalando from a “moderate buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Baader Bank upgraded shares of Zalando to a “buy” rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Zalando Stock Performance

ZLNDY opened at $13.50 on Tuesday. Zalando has a 12-month low of $13.15 and a 12-month high of $20.64. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $7.13 billion, a PE ratio of 23.68 and a beta of 1.57. The firm has a 50 day moving average of $15.05 and a two-hundred day moving average of $15.99.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Zalando had a net margin of 2.49% and a return on equity of 10.19%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $2.52 billion. On average, analysts anticipate that Zalando will post 0.5 EPS for the current year.

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.