Shhhh9 May 2023 08:29
CITY WHISPERS: Short-sellers reduce Asos positions
Asos is gearing up to release first-half results, which it has already warned are likely to show a loss.
But one set of players in the City appears to think the fast fashion retailer's fortunes are looking up.
ALL FIVE big short-sellers targeting Asos, who would make money if the company's share price fell, have reduced their positions in recent weeks, indicating they think its stock might rise.
Watch this space...