Allegro.eu SA (OTCMKTS:ALEGF) Sees Large Growth in Short Interest

Allegro.eu SA (OTCMKTS:ALEGF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 400,800 shares, an increase of 15.3% from the August 15th total of 347,500 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 222.7 days.

Allegro.eu Price Performance

Shares of OTCMKTS ALEGF opened at $7.50 on Friday. The company has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $7.50. Allegro.eu has a fifty-two week low of $6.82 and a fifty-two week high of $7.50.

Allegro.eu Company Profile

Allegro.eu SA operates a go-to commerce platform for consumers in Poland. It operates allegro.pl, an e-commerce marketplace that sell products in various categories, including automotive; home and garden; books, media, collectibles, and art; fashion and shoes; electronics; kids; health and beauty; sports and leisure; and supermarket.