Thu Sep 26 15:04:07 UTC 2024: ## Short Interest in ASOS Plc Drops Significantly in September

**LONDON, October 26, 2023** – ASOS Plc (OTCMKTS:ASOMY), the online fashion retailer, saw a significant decrease in short interest during September. According to data released today, short interest in ASOS shares fell by 39.1% from 4,600 shares on August 31st to 2,800 shares on September 15th. This decline suggests that investors are becoming more optimistic about the company’s future prospects.

Short interest represents the number of shares that investors have borrowed and sold in the hope that the share price will fall, allowing them to buy back the shares at a lower price and make a profit. A decrease in short interest can be interpreted as a positive signal, as it indicates that fewer investors are betting against the company.

While the decline in short interest is encouraging, it’s important to note that the actual number of shares involved is relatively small. The average trading volume for ASOS shares is 2,100, which means that the short interest only represents a small fraction of the total shares outstanding.

Nevertheless, the decline in short interest is a positive development for ASOS and could potentially boost investor confidence in the company’s future performance.

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