Asos Pls (OTCMKTS:ASOMY) Sees Large Decrease in Short Interest

Asos Pls (OTCMKTS:ASOMY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,550 shares, a drop of 43.8% from the May 31st total of 11,665 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 2,148 shares, the short-interest ratio is currently 3.0 days.

Asos Pls Stock Performance

Shares of Asos Pls stock opened at $3.66 on Friday. The stock’s fifty day simple moving average is $3.42 and its 200 day simple moving average is $3.54. The company has a quick ratio of 0.40, 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.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of 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 an average 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.