Zalando SE (OTCMKTS:ZLNDY) Sees Significant Drop in Short Interest

Zalando SE (OTCMKTS:ZLNDY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 500 shares, a drop of 94.9% from the April 30th total of 9,800 shares. Based on an average daily trading volume, of 27,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Zalando Stock Performance

ZLNDY stock traded up $0.71 during trading on Monday, reaching $18.54. 22,107 shares of the stock were exchanged, compared to its average volume of 12,974. The stock has a 50 day simple moving average of $17.97 and a 200-day simple moving average of $17.54. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. Zalando has a twelve month low of $11.35 and a twelve month high of $20.64. The company has a market capitalization of $9.79 billion, a P/E ratio of 44.14 and a beta of 1.71.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.02 earnings per share for the quarter. Zalando had a net margin of 1.97% and a return on equity of 8.34%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, sell-side analysts anticipate that Zalando will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Citigroup reiterated a "buy" rating on shares of Zalando in a research note on Tuesday, May 13th.

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.