Short Interest in Zalando (OTCMKTS:ZLNDY) Rises By 1,350.0%

Key Points

• Short interest in Zalando (OTCMKTS:ZLNDY) surged by 1,350.0% in September, reaching a total of 2,900 shares compared to just 200 shares at the end of August.
• Zalando's recent quarterly earnings reported $0.21 earnings per share, matching analysts' expectations, with revenues of $3.28 billion significantly exceeding estimates of $2.52 billion.
• Analysts have mixed ratings on Zalando, with one firm upgrading to a "buy", while others have issued downgrades or maintained hold and underweight ratings.

Zalando (OTCMKTS:ZLNDY - Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,900 shares, a growth of 1,350.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 126,100 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 126,100 shares, the short-interest ratio is currently 0.0 days.

Zalando Trading Down 0.3%

Shares of ZLNDY stock traded down $0.05 during trading hours on Tuesday, hitting $15.26. The company had a trading volume of 10,917 shares, compared to its average volume of 16,329. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.98. The stock has a market capitalization of $8.06 billion, a PE ratio of 26.77 and a beta of 1.48. The company's fifty day moving average is $14.69 and its 200 day moving average is $16.40. Zalando has a fifty-two week low of $13.15 and a fifty-two week high of $20.64.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.21. Zalando had a net margin of 2.49% and a return on equity of 10.19%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $2.52 billion. Research analysts expect that Zalando will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ZLNDY. Baader Bank upgraded Zalando to a "buy" rating in a research note on Monday, August 18th. Citigroup reiterated a "buy" rating on shares of Zalando in a research report on Friday. Cfra Research downgraded Zalando from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Zalando in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Zalando has an average rating of "Moderate Buy".

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.

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