ASOS Plc (OTCMKTS:ASOMF) Short Interest Down 61.5% in May

ASOS Plc (OTCMKTS:ASOMF) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 29,385 shares, a decrease of 61.5% from the May 14th total of 76,329 shares. Based on an average daily trading volume, of 736 shares, the short-interest ratio is presently 39.9 days.

ASOS Stock Performance

ASOS stock remained flat at $3.70 during midday trading on Friday. 100 shares of the company traded hands, compared to its average volume of 1,350. ASOS has a 52-week low of $2.91 and a 52-week high of $4.07. The stock’s fifty day moving average price is $3.36 and its 200-day moving average price is $3.52.

About ASOS

ASOS plc is a leading online fashion and beauty retailer headquartered in London, United Kingdom. Founded in 2000 by Nick Robertson, Quentin Griffiths, Andrew Regan and Deborah Thorpe as “As Seen On Screen,” the company initially sold clothing inspired by celebrity styles. Over time, ASOS evolved into a comprehensive e-commerce platform, offering its own-brand apparel, footwear, accessories and beauty products alongside a broad range of third-party labels. In the mid-2010s, the company expanded its model by launching a marketplace that enables independent brands and boutique sellers to reach ASOS’s global customer base.

ASOS serves millions of customers in more than 200 territories worldwide, with key markets in the United Kingdom, Continental Europe, the United States and Australia.