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So MINIMUM 14% position here..... IMO Could easily be much higher.
https://www.shorttracker.co.uk/company/GB0030927254/
London’s short-sellers were badly burnt as many of their biggest bearish bets moved against them. Most shorters have been targeting Britain’s retailers and leisure stocks in the belief that the cost of living crunch would stop consumers from spending as much money as they would like. However, with both the US Federal Reserve and the Bank of England suggesting this week that they had raised interest rates as high as they were going to, consumer-focused stocks have ripped higher.
The two most-shorted stocks in London are Asos and Boohoo, the online fast-fashion retailers, both of which rose on the day, dealing a blow to naysayers. Boohoo shares climbed 1p, or 2.8 per cent, to 33p and Asos improved 9ÂĽp, or 2.5 per cent, to 373p
Free float is so small now.
MA is still probably buyin more and they have the biggest collective short in the country that needs closing.
Its going to get messy for them.
Just keep buying and reducing the free float.
MA is probably doing just that.
Osé Antonio Ramos Calamonte said there were “no sacred cows” for the business and said the closing of its Lichfield warehouse was “a very clear example of that”.
He added: “If we don’t need a facility, we simply mothball it.”
The comments come days after The Telegraph revealed Asos was in talks to sell Topshop.
The online retailer is negotiating with US retailer Authentic Brands about a possible sale of the brand as Asos looks to slim down its business and raise cash to bolster its balance sheet. Asos bought Topshop in 2021 and valued it at ÂŁ265m.
Mr Calamonte declined to comment on the talks, but said the board was “of course aware of our announcement obligations”.
Hard to buy any decent amount of shares. 40p coming. Keep loading. 100p for Christmas
Keep buying the herd are coming and the pecker is RAISING THE PROFILE!