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

ASOS Plc (OTCMKTS:ASOMY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 300 shares, a drop of 57.1% from the April 30th total of 700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASOMY. Hsbc Global Res upgraded shares of ASOS from a "moderate sell" rating to a "hold" rating in a research report on Thursday, March 13th. BNP Paribas raised shares of ASOS to a "strong sell" rating in a report on Monday, March 17th.

ASOS Stock Up 1.0%

ASOMY traded up $0.04 during trading on Friday, reaching $4.15. The stock had a trading volume of 10,403 shares, compared to its average volume of 3,014. The business has a 50-day moving average of $3.86 and a 200-day moving average of $4.38. ASOS has a one year low of $2.89 and a one year high of $5.89. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 1.82.

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.