Short Interest in Zulily Increases By 11.3% (ZU)
Zulily (NASDAQ:ZU) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 11,090,675 shares, a growth of 11.3% from the July 31st total of 9,968,422 shares, Analyst Ratings News reports. Approximately 33.4% of the shares of the company are short sold. Based on an average daily volume of 1,885,871 shares, the days-to-cover ratio is currently 5.9 days.
ZU has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Zulily to $50.00 in a research note on Thursday, June 26th. They now have an “outperform” rating on the stock. Analysts at Goldman Sachs upgraded shares of Zulily from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 25th.
Shares of Zulily (NASDAQ:ZU) opened at 32.80 on Monday. Zulily has a 52-week low of $28.75 and a 52-week high of $73.50. The stock has a 50-day moving average of $35.81 and a 200-day moving average of $42.42. The company has a market cap of $4.096 billion and a P/E ratio of 428.05.
Zulily, Inc is an e-commerce company. The Company, through its desktop and mobile Websites and mobile applications, which it refers to as its sites, helps its customers discover new and unique products.
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