Zalando (OTCMKTS:ZLNDY) Sees Significant Increase in Short Interest

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 recipient 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. Based on an average daily trading volume, of 24,200 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,200 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZLNDY shares. Morgan Stanley restated an "underweight" rating on shares of Zalando in a research note on Monday, July 14th. Citigroup reaffirmed a "buy" rating on shares of Zalando in a research report on Tuesday, May 13th. Finally, Cfra Research lowered Zalando from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 11th.

Zalando Price Performance

Shares of ZLNDY stock traded down $0.15 during mid-day trading on Monday, hitting $13.47. 9,432 shares of the stock traded hands, compared to its average volume of 15,068. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.36. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 23.64 and a beta of 1.54. The company's 50-day simple moving average is $15.63 and its 200-day simple moving average is $17.26. Zalando has a twelve month low of $11.55 and a twelve month high of $20.64.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Zalando had a return on equity of 10.50% and a net margin of 2.49%. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $2.52 billion. As a group, equities research analysts expect 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.