Zalando SE (OTCMKTS:ZLNDY) Short Interest Down 86.6% in May

Zalando SE (OTCMKTS:ZLNDYGet Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,200 shares, a drop of 86.6% from the April 30th total of 23,800 shares. Based on an average daily volume of 280,000 shares, the days-to-cover ratio is presently 0.0 days.

Several research analysts have recently issued reports on ZLNDY shares. Barclays reduced their price objective on Zalando from €84.00 ($89.36) to €52.00 ($55.32) and set an “overweight” rating for the company in a research note on Thursday, May 12th. JPMorgan Chase & Co. reduced their price objective on Zalando from €90.00 ($95.74) to €55.00 ($58.51) in a research note on Friday, May 6th. Zacks Investment Research cut Zalando from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. UBS Group dropped their target price on Zalando from €101.00 ($107.45) to €96.50 ($102.66) in a report on Tuesday, January 25th. Finally, Citigroup dropped their target price on Zalando from €88.00 ($93.62) to €48.00 ($51.06) and set a “neutral” rating on the stock in a report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.08.

Zalando stock traded down $1.50 during trading on Wednesday, reaching $17.49. 104,022 shares of the company were exchanged, compared to its average volume of 85,139. Zalando has a 52-week low of $15.75 and a 52-week high of $62.11. The company has a market capitalization of $9.17 billion, a P/E ratio of 29.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $22.48 and its two-hundred day simple moving average is $32.58.

About Zalando (Get Rating)

Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.

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