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

ASOS Plc (OTCMKTS:ASOMY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 7,900 shares, a drop of 76.8% from the August 15th total of 34,000 shares. Based on an average daily trading volume, of 8,600 shares, the short-interest ratio is currently 0.9 days.

ASOS Trading Up 5.2 %

Shares of OTCMKTS:ASOMY traded up $0.25 during midday trading on Thursday, hitting $5.08. The company’s stock had a trading volume of 5,933 shares, compared to its average volume of 13,867. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 1.55. The business’s 50 day simple moving average is $5.10 and its 200 day simple moving average is $6.67. ASOS has a 12-month low of $4.06 and a 12-month high of $12.03.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASOMY. Berenberg Bank cut their price objective on shares of ASOS from GBX 1,000 ($12.51) to GBX 940 ($11.76) in a research note on Tuesday, June 6th. Citigroup upgraded shares of ASOS from a “neutral” rating to a “buy” rating in a research note on Friday, May 19th. JPMorgan Chase & Co. cut their price objective on shares of ASOS from GBX 610 ($7.63) to GBX 550 ($6.88) in a research note on Thursday, June 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of ASOS from GBX 725 ($9.07) to GBX 485 ($6.07) in a research note on Monday, June 19th. Finally, Barclays cut their price objective on shares of ASOS from GBX 500 ($6.26) to GBX 450 ($5.63) in a research note on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ASOS currently has an average rating of “Hold” and an average target price of $701.25.

About ASOS

ASOS Plc operates as an online fashion retailer worldwide. 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.