Zulily Stock Rating Upgraded by CRT Capital (ZU)
Zulily (NASDAQ:ZU) traded up 4.73% on Tuesday, hitting $34.35. 1,690,814 shares of the company’s stock traded hands. Zulily has a 52-week low of $28.75 and a 52-week high of $73.50. The stock’s 50-day moving average is $35.81 and its 200-day moving average is $42.42. The company has a market cap of $4.290 billion and a P/E ratio of 425.97. Zulily also was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 1,885,871 shares, the short-interest ratio is presently 5.9 days. Currently, 33.4% of the company’s stock are sold short.
Several other analysts have also recently commented on the stock. 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.
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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