Allegro.eu SA (OTCMKTS:ALEGF) Sees Large Increase in Short Interest
by Jessica Moore · The Cerbat GemAllegro.eu SA (OTCMKTS:ALEGF – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 232,793 shares, an increase of 90.7% from the August 15th total of 122,103 shares. Based on an average daily volume of 273 shares, the days-to-cover ratio is currently 852.7 days.
Allegro.eu Stock Performance
Shares of Allegro.eu stock opened at $9.55 on Wednesday. Allegro.eu has a twelve month low of $8.23 and a twelve month high of $9.55. The business’s 50 day simple moving average is $8.60 and its 200-day simple moving average is $8.37.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Oddo Bhf upgraded shares of Allegro.eu to an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group downgraded shares of Allegro.eu from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Report on ALEGF
About Allegro.eu
Allegro.eu SA is the Netherlands-based holding company for Allegro, the leading e-commerce platform in Poland. Founded in 1999 and headquartered in Poznań, Allegro connects millions of consumers and businesses through its online marketplace, facilitating both consumer-to-consumer auctions and business-to-consumer fixed-price sales.
The platform offers a broad range of product categories, including electronics, home and garden, fashion, automotive parts and health and beauty. Key features include an integrated payment solution for secure transactions, an optional subscription program that provides free shipping and exclusive promotions, and in-house logistics support that streamlines order fulfillment for sellers and buyers alike.
Allegro has grown from a nascent auction site into a comprehensive retail ecosystem by introducing value-added services such as installment payment options, digital wallets and performance analytics for merchants.