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

ASOS Plc (OTCMKTS:ASOMY – Get Rating) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,600 shares, a decrease of 73.4% from the April 30th total of 39,900 shares. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is currently 0.1 days.

ASOS Stock Performance

Shares of OTCMKTS ASOMY traded down $0.20 during trading hours on Friday, reaching $5.09. The stock had a trading volume of 14,842 shares, compared to its average volume of 15,628. The company has a quick ratio of 0.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.82. ASOS has a fifty-two week low of $4.78 and a fifty-two week high of $20.17. The firm has a 50-day moving average of $8.35 and a 200-day moving average of $8.57.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASOMY. Citigroup upgraded ASOS from a “neutral” rating to a “buy” rating in a report on Friday, May 19th. HSBC raised ASOS from a “reduce” rating to a “hold” rating in a research report on Wednesday, February 1st. Berenberg Bank lowered their price objective on ASOS from GBX 1,200 ($14.93) to GBX 1,000 ($12.44) in a research report on Monday, May 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on ASOS from GBX 950 ($11.82) to GBX 725 ($9.02) in a research report on Thursday, May 11th. Finally, Barclays lowered their price objective on ASOS from GBX 625 ($7.77) to GBX 500 ($6.22) in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $818.89.

About ASOS

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ASOS Plc engages in in the operation of a multi-platform offering fashion products for 20-somethings. The firm offers clothes and other fashion items available in retail. It operates through the following geographical segments: United Kingdom, United States, and European Union. The company was founded by Nicholas Jon Robertson and Quentin John Griffiths on June 2, 2000 and is headquartered in London, the United Kingdom.