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

Zalando SE (OTCMKTS:ZLDSF) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 609,200 shares, a growth of 97.5% from the February 13th total of 308,500 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1,523.0 days.

Zalando Stock Performance

Shares of ZLDSF stock opened at $36.00 on Friday. The company’s fifty day moving average price is $34.61 and its 200-day moving average price is $31.66. Zalando has a 12 month low of $23.44 and a 12 month high of $38.51.

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.