Allegro.eu SA (OTCMKTS:ALEGF – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,941,500 shares, an increase of 32.7% from the March 15th total of 1,462,600 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 3,235.8 days.
Allegro.eu Price Performance
OTCMKTS:ALEGF opened at $7.65 on Friday. Allegro.eu has a 1-year low of $6.71 and a 1-year high of $7.65. The business’s 50-day moving average price is $7.61 and its two-hundred day moving average price is $7.32.
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.
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