Allegro.eu SA (OTCMKTS:ALEGF) Short Interest Up 90.7% in August

Allegro.eu SA (OTCMKTS:ALEGF – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 232,793 shares, an increase of 90.7% from the August 15th total of 122,103 shares. Based on an average daily volume of 273 shares, the short-interest ratio is presently 852.7 days.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ALEGF shares. Oddo Bhf raised shares of Allegro.eu to an “outperform” rating in a report on Wednesday, July 1st. The Goldman Sachs Group lowered Allegro.eu from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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Allegro.eu Price Performance

Shares of ALEGF opened at $9.55 on Thursday. Allegro.eu has a 12 month low of $8.23 and a 12 month high of $9.55. The stock’s 50 day moving average is $8.63 and its two-hundred day moving average is $8.38.

Allegro.eu Company Profile

(Get Free Report)

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.

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