Global Fashion Group S.A. (OTCMKTS:GLFGF) Sees Significant Decline in Short Interest

Global Fashion Group S.A. (OTCMKTS:GLFGF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 28 shares, a decline of 99.7% from the November 30th total of 10,028 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days.

Global Fashion Group Price Performance

Shares of GLFGF remained flat at $0.33 during trading hours on Friday. The business’s 50 day moving average is $0.39 and its 200-day moving average is $0.35. Global Fashion Group has a fifty-two week low of $0.31 and a fifty-two week high of $0.40.

Global Fashion Group Company Profile

Global Fashion Group is a leading online fashion and lifestyle retailer operating across emerging markets in Latin America, Asia-Pacific and Russia & CIS. Headquartered in Luxembourg, the company brings together a portfolio of regionally branded platforms—including Dafiti in Latin America, Zalora in Southeast Asia and Lamoda in Russia & CIS—to offer a wide assortment of apparel, footwear, accessories and beauty products. Through its digital marketplaces, Global Fashion Group connects millions of consumers with both global and local brands, addressing diverse style preferences and price points.

The company’s core activities focus on end-to-end e-commerce operations, encompassing assortment curation, technology development, supply-chain management and last-mile delivery.