Short Interest in Zalando (OTCMKTS:ZLNDY) Declines By 96.8%

Zalando (OTCMKTS:ZLNDY) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 200 shares, a drop of 96.8% from the August 15th total of 6,300 shares. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ZLNDY shares. Baader Bank upgraded Zalando to a “buy” rating in a research report on Monday, August 18th. Cfra Research lowered Zalando from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley restated an “underweight” rating on shares of Zalando in a research report on Monday, July 14th. Finally, Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Zalando Price Performance

Shares of ZLNDY stock opened at $14.79 on Friday. The firm has a market cap of $7.81 billion, a P/E ratio of 25.95 and a beta of 1.48. Zalando has a fifty-two week low of $12.70 and a fifty-two week high of $20.64. The business’s 50 day moving average price is $14.86 and its 200-day moving average price is $16.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.38.

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