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

ASOS Plc (OTCMKTS:ASOMY) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 2,800 shares, a decrease of 39.1% from the August 31st total of 4,600 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

ASOMY has been the topic of a number of research analyst reports. Berenberg Bank upgraded ASOS to a “strong-buy” rating in a report on Thursday, September 5th. Barclays raised shares of ASOS to a “strong sell” rating in a research note on Tuesday, September 10th.

ASOS Trading Up 1.1 %

Shares of OTCMKTS:ASOMY traded up $0.06 during midday trading on Friday, reaching $5.75. 1,522 shares of the company’s stock traded hands, compared to its average volume of 1,724. The stock has a 50 day moving average of $4.96 and a 200 day moving average of $4.68. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 1.53. ASOS has a one year low of $4.11 and a one year high of $5.89.

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.