Asos Pls (OTCMKTS:ASOMY) Short Interest Down 51.5% in April

Key Points

• Short interest in Asos Pls fell by 51.5% in April to 4,095 shares (from 8,445 on March 31), leaving a short‑interest ratio of 0.9 days and effectively 0.0% of shares short sold.
• Berenberg Bank upgraded the stock to a Strong Buy, and MarketBeat shows a consensus rating of Strong Buy from two analysts.
• ASOMY opened at $3.58 (up 5.6%), trading between a 12‑month low/high of $2.49/$4.89, while its liquidity and leverage look strained with a quick ratio of 0.49, current ratio of 0.95 and debt‑to‑equity of 7.14.

Asos Pls (OTCMKTS:ASOMY - Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 4,095 shares, a drop of 51.5% from the March 31st total of 8,445 shares. Based on an average daily trading volume, of 4,470 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company's shares are short sold.

Asos Pls Stock Up 5.6%

ASOMY opened at $3.58 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.95 and a debt-to-equity ratio of 7.14. Asos Pls has a 12-month low of $2.49 and a 12-month high of $4.89. The firm's fifty day moving average price is $3.25 and its 200 day moving average price is $3.48.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Asos Pls to a "strong-buy" rating in a research report on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

About Asos Pls

ASOS PLS OTCMKTS: ASOMY is an international online fashion retailer headquartered in London, United Kingdom. Since its founding in 2000 as AsSeenOnScreen, the company has focused on providing trend-driven clothing, footwear and accessories to a predominantly young adult audience. ASOS operates a direct-to-consumer e-commerce platform that features both its own in-house brands and a curated selection of third-party labels, with an emphasis on fast fashion and seasonal collections.

The company's product offering spans womenswear, menswear, swimwear, activewear, shoes, bags, jewellery and beauty items.

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