Allegro.eu SA (OTCMKTS:ALEGF) Stock Short Interest Falls 44.1%

Allegro.eu SA (OTCMKTS:ALEGF) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 221,395 shares, a decrease of 44.1% from the September 15th total of 395,880 shares. Based on an average daily volume of 228,668 shares, the days-to-cover ratio is currently 1.0 days.

Allegro.eu Stock Performance

Shares of ALEGF opened at $12.95 on Friday. Allegro.eu has a 52 week low of $9.55 and a 52 week high of $12.95. The stock has a 50 day moving average of $9.79 and a 200-day moving average of $8.78.

Wall Street Analysts Forecast Growth

ALEGF has been the subject of several recent analyst reports. Citigroup cut shares of Allegro.eu to a “neutral” rating in a research note on Thursday, October 1st. The Goldman Sachs Group downgraded shares of Allegro.eu from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 23rd. Oddo Bhf raised Allegro.eu to an “outperform” rating in a research report on Wednesday, July 1st. Finally, Barclays upgraded shares of Allegro.eu to an “overweight” rating in a research note on Friday, September 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Allegro.eu

Allegro.eu SA is a Luxembourg-based technology company that operates one of Central Europe’s largest e-commerce platforms. Its principal marketplace, Allegro.pl, connects consumers with professional merchants offering products across categories including consumer electronics, fashion, home and garden, automotive, books, beauty, and groceries.

The company provides services designed to support online commerce, including seller tools, digital advertising, logistics and delivery solutions, consumer payments, and the Allegro Smart! membership program.