ASOS Plc (OTCMKTS:ASOMY) Sees Significant Decrease in Short Interest

ASOS Plc (OTCMKTS:ASOMY) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 600 shares, a decline of 66.7% from the October 31st total of 1,800 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.3 days.

ASOS Price Performance

ASOS stock traded up $0.18 during mid-day trading on Friday, reaching $4.66. 2,779 shares of the company’s stock were exchanged, compared to its average volume of 1,059. The business’s fifty day simple moving average is $5.07 and its 200 day simple moving average is $4.86. ASOS has a one year low of $4.11 and a one year high of $5.89. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.64 and a current ratio of 1.51.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ASOMY shares. Berenberg Bank upgraded ASOS to a “strong-buy” rating in a report on Thursday, September 5th. Barclays upgraded ASOS to a “strong sell” rating in a report on Tuesday, September 10th.

About ASOS

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.