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

Zalando SE (OTCMKTS:ZLDSF) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 305,600 shares, a drop of 49.0% from the January 15th total of 598,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 3,056.0 days.

Zalando Price Performance

Shares of ZLDSF opened at $35.73 on Friday. The stock’s fifty day moving average is $33.65 and its 200-day moving average is $29.76. Zalando has a one year low of $21.08 and a one year high of $37.15.

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.