Zalando SE (OTCMKTS:ZLNDY - Get Free Report) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 12,800 shares, a drop of 46.0% from the October 15th total of 23,700 shares. Based on an average daily volume of 23,500 shares, the short-interest ratio is currently 0.5 days.
Zalando Stock Performance
OTCMKTS ZLNDY traded down $0.07 on Wednesday, reaching $14.52. 27,397 shares of the company's stock traded hands, compared to its average volume of 48,093. Zalando has a fifty-two week low of $8.68 and a fifty-two week high of $17.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.48. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 34.57 and a beta of 1.76. The stock has a 50 day moving average price of $15.03 and a 200-day moving average price of $13.57.
Wall Street Analyst Weigh In
Separately, Citigroup raised shares of Zalando to a "strong-buy" rating in a research report on Thursday, October 3rd.
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Zalando Company Profile
(
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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.
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