Allegro.eu SA (OTCMKTS:ALEGF) Short Interest Up 32.7% in March

Allegro.eu SA (OTCMKTS:ALEGF) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 1,941,500 shares, an increase of 32.7% from the March 15th total of 1,462,600 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 3,235.8 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Allegro.eu to a “sell” rating in a report on Tuesday, March 25th.

Allegro.eu Price Performance

ALEGF stock opened at $7.65 on Monday. The business has a 50 day moving average of $7.61 and a 200 day moving average of $7.32. Allegro.eu has a twelve month low of $6.71 and a twelve month high of $7.65.

About Allegro.eu

Allegro.eu SA operates a go-to commerce platform for consumers in Poland. It operates allegro.pl, an e-commerce marketplace that sell products in various categories, including automotive; home and garden; books, media, collectibles, and art; fashion and shoes; electronics; kids; health and beauty; sports and leisure; and supermarket.