Asos Pls (OTCMKTS:ASOMY) Short Interest Up 152.5% in March

Key Points

• Short interest in Asos surged in March, rising 152.5% to 8,445 shares as of March 31, with a short-interest ratio of about 2.5 days based on average volume.
• Berenberg upgraded Asos to a "Strong Buy" on March 25, and the stock presently carries a consensus Strong Buy rating from two analysts.
• Shares opened at $2.89 (up 5.3%), trading within a 52-week range of $2.49–$4.89 and with 50-/200-day moving averages near $3.48 and $3.53.

Asos Pls (OTCMKTS:ASOMY - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,445 shares, an increase of 152.5% from the March 15th total of 3,345 shares. Based on an average trading volume of 3,401 shares, the short-interest ratio is currently 2.5 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Asos Pls to a "strong-buy" rating in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Asos Pls presently has a consensus rating of "Strong Buy".

Asos Pls Trading Up 5.3%

Shares of ASOMY opened at $2.89 on Friday. Asos Pls has a 52-week low of $2.49 and a 52-week high of $4.89. The business's fifty day moving average is $3.48 and its 200-day moving average is $3.53. The company has a current ratio of 1.02, a quick ratio of 0.49 and a debt-to-equity ratio of 2.84.

Asos Pls Company Profile

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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