ASOS Plc (OTCMKTS:ASOMY – Get Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 10,300 shares, an increase of 7.3% from the December 15th total of 9,600 shares. Based on an average daily trading volume, of 23,200 shares, the days-to-cover ratio is presently 0.4 days.
Analysts Set New Price Targets
Several brokerages recently weighed in on ASOMY. Berenberg Bank cut their price objective on shares of ASOS from GBX 1,800 ($21.96) to GBX 1,200 ($14.64) in a research report on Tuesday, October 25th. AlphaValue cut shares of ASOS to a “reduce” rating in a research note on Friday, October 28th. HSBC downgraded shares of ASOS from a “hold” rating to a “reduce” rating in a report on Friday, October 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of ASOS from GBX 900 ($10.98) to GBX 800 ($9.76) in a report on Thursday, October 20th. Finally, JPMorgan Chase & Co. lowered their price target on ASOS from GBX 1,170 ($14.28) to GBX 1,000 ($12.20) in a research report on Friday, January 13th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $988.33.
ASOS Stock Up 10.5 %
Shares of OTCMKTS:ASOMY opened at $9.70 on Monday. The stock’s 50-day moving average is $7.42 and its 200-day moving average is $8.34. ASOS has a 52-week low of $5.50 and a 52-week high of $31.37. 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 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.
- Get a free copy of the StockNews.com research report on ASOS (ASOMY)
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