Allegro.eu SA (OTCMKTS:ALEGF) Short Interest Update

Allegro.eu SA (OTCMKTS:ALEGF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 443,109 shares, a decline of 43.7% from the November 30th total of 787,294 shares. Based on an average daily trading volume, of 36 shares, the days-to-cover ratio is presently 12,308.6 days. Based on an average daily trading volume, of 36 shares, the days-to-cover ratio is presently 12,308.6 days.

Allegro.eu Stock Performance

Allegro.eu stock opened at $8.25 on Monday. The business has a 50-day simple moving average of $8.55 and a 200 day simple moving average of $7.97. Allegro.eu has a 52 week low of $8.25 and a 52 week high of $9.53.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Allegro.eu from a “sell” rating to a “neutral” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Allegro.eu Company Profile

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.