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

Key Points

• Zalando experienced a 162.5% growth in short interest from July to August, with a total of 6,300 shares being shorted as of August 15th.
• The company reported a quarterly earnings per share of $0.21, meeting analysts' expectations, and had a revenue of $3.28 billion, exceeding forecasts.
• Analysts maintain a consensus rating of "Moderate Buy" on Zalando, with a mix of "buy," "hold," and "sell" ratings from various financial institutions.

Zalando (OTCMKTS:ZLNDY - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 6,300 shares, agrowthof162.5% from the July 31st total of 2,400 shares. Based on an average daily volume of 35,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 35,000 shares, the short-interest ratio is presently 0.2 days.

Zalando Trading Up 3.5%

Shares of Zalando stock opened at $13.91 on Thursday. The firm has a market capitalization of $7.34 billion, a PE ratio of 24.40 and a beta of 1.48. Zalando has a twelve month low of $11.55 and a twelve month high of $20.64. The firm's 50-day moving average price is $15.10 and its 200 day moving average price is $16.82. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

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

Wall Street Analysts Forecast Growth

ZLNDY has been the topic of several analyst reports. Citigroup reiterated a "buy" rating on shares of Zalando in a research report on Thursday, August 21st. Morgan Stanley reaffirmed an "underweight" rating on shares of Zalando in a report on Monday, July 14th. Baader Bank raised Zalando to a "buy" rating in a research note on Monday, August 18th. Finally, Cfra Research cut Zalando from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zalando has an average rating of "Moderate Buy".

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.

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