Short Interest in Zalando SE (OTCMKTS:ZLNDY) Expands By 690.0%

Zalando SE (OTCMKTS:ZLNDY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 23,700 shares, a growth of 690.0% from the September 30th total of 3,000 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 0.7 days.

Zalando Stock Performance

Shares of Zalando stock opened at $15.63 on Friday. The business’s fifty day simple moving average is $14.61 and its 200-day simple moving average is $13.49. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.25 billion, a PE ratio of 67.96 and a beta of 1.75. Zalando has a 52 week low of $8.68 and a 52 week high of $17.10.

Zalando (OTCMKTS:ZLNDY) last posted its earnings results on Monday, August 5th. The company reported $0.20 EPS for the quarter. Zalando had a net margin of 1.48% and a return on equity of 6.32%. The company had revenue of $2.85 billion for the quarter. Equities analysts forecast that Zalando will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Zalando to a “strong-buy” rating in a 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.