Allegro.eu SA (OTCMKTS:ALEGF – Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 355,000 shares, a drop of 60.5% from the May 15th total of 898,300 shares. Based on an average daily volume of 35,100 shares, the short-interest ratio is currently 10.1 days.
Allegro.eu Stock Performance
Shares of OTCMKTS:ALEGF opened at $7.65 on Friday. The firm has a 50 day moving average of $7.65 and a 200-day moving average of $7.36. Allegro.eu has a 12 month low of $6.71 and a 12 month high of $7.65.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group cut shares of Allegro.eu to a “sell” rating in a research report on Tuesday, March 25th.
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.
Featured Stories
- Five stocks we like better than Allegro.eu
- How to Plot Fibonacci Price Inflection Levels
- Synopsys Stock Falls on China Ban, But Long-Term Outlook Holds
- Investing in Commodities: What Are They? How to Invest in Them
- Alphabet Enters a Bull Market: Is It Time to Buy?
- What is Short Interest? How to Use It
- Ouster Soars 27% as DoD Grants First 3D LiDAR Approval for Drones
Receive News & Ratings for Allegro.eu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegro.eu and related companies with MarketBeat.com's FREE daily email newsletter.
