Zalando (OTCMKTS:ZLNDY) Short Interest Update

Key Points

• Zalando experienced a significant increase in short interest in July, rising by 2,300.0% to a total of 2,400 shares as of July 31st, indicating a strong bearish sentiment among investors.
• The company reported $3.28 billion in revenue for the quarter, surpassing expectations, while earnings per share matched the consensus estimate at $0.21.
• Analyst outlook varies, with Cfra Research downgrading Zalando from a "moderate buy" to a "hold" rating, while Citigroup maintains a "buy" rating.

Zalando (OTCMKTS:ZLNDY - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,400 shares, agrowthof2,300.0% from the July 15th total of 100 shares. Approximately0.0% of the company's stock are short sold. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.0% of the company's stock are short sold.

Analysts Set New Price Targets

ZLNDY has been the subject of a number of recent research reports. Morgan Stanley reiterated an "underweight" rating on shares of Zalando in a report on Monday, July 14th. Baader Bank raised shares of Zalando to a "buy" rating in a research report on Monday. Cfra Research downgraded shares of Zalando from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Citigroup reiterated a "buy" rating on shares of Zalando in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zalando currently has an average rating of "Moderate Buy".

Zalando Stock Performance

Shares of Zalando stock traded up $0.28 on Tuesday, reaching $13.99. 43,754 shares of the stock were exchanged, compared to its average volume of 15,745. The business has a 50 day moving average price of $15.50 and a two-hundred day moving average price of $17.20. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 24.05 and a beta of 1.54. Zalando has a twelve month low of $11.55 and a twelve month high of $20.64. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.18.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last posted 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. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $2.52 billion. Zalando had a net margin of 2.49% and a return on equity of 10.50%. Analysts anticipate that Zalando will post 0.5 earnings per share for the current fiscal 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.